Rice Hall James & Associates LLC decreased its holdings in Actua Corporation (NASDAQ:ACTA) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 677,752 shares of the software maker’s stock after selling 23,080 shares during the period. Rice Hall James & Associates LLC owned 2.19% of Actua Corporation worth $10,370,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Actua Corporation by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,669,742 shares of the software maker’s stock worth $37,510,000 after purchasing an additional 159,629 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Actua Corporation by 99.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock worth $18,626,000 after acquiring an additional 661,800 shares during the period. State Street Corp increased its holdings in Actua Corporation by 14.0% during the second quarter. State Street Corp now owns 683,241 shares of the software maker’s stock valued at $9,597,000 after buying an additional 83,956 shares during the period. Bank of New York Mellon Corp increased its holdings in Actua Corporation by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after buying an additional 28,882 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Actua Corporation by 3.7% during the first quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock valued at $4,205,000 after buying an additional 10,591 shares during the period. 74.56% of the stock is owned by hedge funds and other institutional investors.
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Shares of Actua Corporation (ACTA) traded down $0.05 during trading hours on Friday, hitting $15.55. 131,200 shares of the company’s stock were exchanged, compared to its average volume of 117,481. Actua Corporation has a 52 week low of $11.85 and a 52 week high of $15.95.
Actua Corporation (NASDAQ:ACTA) last posted its earnings results on Thursday, November 9th. The software maker reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.05). Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. During the same quarter in the previous year, the company earned ($0.04) earnings per share. equities research analysts anticipate that Actua Corporation will post -0.59 earnings per share for the current year.
In related news, CFO Raymond Kirk Morgan sold 1,687 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $15.60, for a total transaction of $26,317.20. Following the completion of the sale, the chief financial officer now owns 155,360 shares in the company, valued at approximately $2,423,616. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 5,061 shares of company stock valued at $68,830. 10.20% of the stock is owned by company insiders.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Actua Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Barrington Research cut shares of Actua Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. BidaskClub raised shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Finally, ValuEngine raised shares of Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.00.
Actua Corporation Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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