Arrowstreet Capital Limited Partnership Invests $333,000 in Upland Software, Inc. (UPLD)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Upland Software, Inc. (NASDAQ:UPLD) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,160 shares of the software maker’s stock, valued at approximately $333,000. Arrowstreet Capital Limited Partnership owned approximately 0.09% of Upland Software at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. White Pine Capital LLC grew its stake in Upland Software by 24.6% during the 2nd quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock valued at $616,000 after acquiring an additional 5,525 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Upland Software in the 2nd quarter valued at approximately $172,000. EAM Investors LLC lifted its holdings in shares of Upland Software by 17.7% in the 2nd quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock worth $1,143,000 after acquiring an additional 7,825 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Upland Software by 32.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 36,834 shares of the software maker’s stock worth $810,000 after acquiring an additional 9,089 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Upland Software by 5.5% in the 2nd quarter. Bank of Montreal Can now owns 185,500 shares of the software maker’s stock worth $4,079,000 after acquiring an additional 9,699 shares during the last quarter. 25.79% of the stock is owned by institutional investors.

UPLD has been the topic of several recent analyst reports. TheStreet upgraded shares of Upland Software from a “d” rating to a “c-” rating in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Upland Software from a “strong sell” rating to a “hold” rating in a report on Thursday, October 12th. Canaccord Genuity upped their price objective on shares of Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 14th. BidaskClub lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $29.00 target price (up from $25.00) on shares of Upland Software in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.40.

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In other news, CFO Michael Douglass Hill sold 20,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $21.43, for a total value of $428,600.00. Following the completion of the sale, the chief financial officer now owns 308,837 shares in the company, valued at approximately $6,618,376.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Systems Corp Wave sold 35,400 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $22.38, for a total transaction of $792,252.00. The disclosure for this sale can be found here. Insiders have sold a total of 170,108 shares of company stock worth $3,743,473 over the last three months. 30.20% of the stock is currently owned by insiders.

Upland Software, Inc. (UPLD) traded down $0.32 during midday trading on Friday, hitting $20.86. 458,200 shares of the company were exchanged, compared to its average volume of 104,491. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.71. Upland Software, Inc. has a 1 year low of $8.19 and a 1 year high of $25.56.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Upland Software had a negative net margin of 18.89% and a negative return on equity of 14.39%. The firm had revenue of $26.07 million for the quarter, compared to the consensus estimate of $25.33 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue was up 35.5% on a year-over-year basis. research analysts forecast that Upland Software, Inc. will post 0.34 EPS for the current fiscal year.

Upland Software Company Profile

Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.

Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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