Upland Software Inc (NASDAQ:UPLD) – William Blair boosted their Q4 2017 earnings per share estimates for Upland Software in a note issued to investors on Friday, Zacks Investment Research reports. William Blair analyst B. Suri now expects that the software maker will earn $0.24 per share for the quarter, up from their previous estimate of $0.23.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $26.07 million during the quarter, compared to analyst estimates of $25.33 million. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The business’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS.
Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Friday, November 17th. Finally, Canaccord Genuity lifted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $26.40.
Upland Software (NASDAQ UPLD) traded up $0.39 on Monday, hitting $22.90. 148,551 shares of the stock were exchanged, compared to its average volume of 120,179. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.94. Upland Software has a 12-month low of $8.19 and a 12-month high of $25.56.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC increased its position in shares of Upland Software by 158.2% during the third quarter. Highbridge Capital Management LLC now owns 23,793 shares of the software maker’s stock valued at $504,000 after buying an additional 14,579 shares during the period. Lyon Street Capital LLC increased its position in shares of Upland Software by 16.8% during the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock valued at $8,229,000 after buying an additional 55,965 shares during the period. Allianz Asset Management GmbH increased its position in shares of Upland Software by 13.0% during the third quarter. Allianz Asset Management GmbH now owns 131,235 shares of the software maker’s stock valued at $2,777,000 after buying an additional 15,051 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Upland Software during the third quarter valued at about $580,000. Finally, Wells Fargo & Company MN grew its holdings in Upland Software by 3,082.4% in the third quarter. Wells Fargo & Company MN now owns 63,648 shares of the software maker’s stock worth $1,347,000 after purchasing an additional 61,648 shares during the period. Institutional investors own 30.10% of the company’s stock.
In other Upland Software news, major shareholder Systems Corp Wave sold 44,903 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $22.06, for a total value of $990,560.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John T. Mcdonald sold 35,196 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $21.44, for a total transaction of $754,602.24. Following the completion of the sale, the chief executive officer now directly owns 1,922,022 shares of the company’s stock, valued at $41,208,151.68. The disclosure for this sale can be found here. Insiders sold 189,904 shares of company stock valued at $4,192,024 over the last three months. 30.20% of the stock is currently owned by insiders.
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About Upland Software
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.
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