Russell Investments Group Ltd. raised its stake in Mattersight Corp (NASDAQ:MATR) by 93.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 813,991 shares of the software maker’s stock after purchasing an additional 392,491 shares during the quarter. Russell Investments Group Ltd. owned approximately 2.49% of Mattersight worth $2,279,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Boston Partners boosted its stake in shares of Mattersight by 8.4% during the 2nd quarter. Boston Partners now owns 813,400 shares of the software maker’s stock worth $2,074,000 after acquiring an additional 62,900 shares during the period. Penn Capital Management Co. Inc. boosted its stake in shares of Mattersight by 9.4% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,072,141 shares of the software maker’s stock worth $2,734,000 after acquiring an additional 91,811 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Mattersight by 4.2% during the 2nd quarter. Northern Trust Corp now owns 40,827 shares of the software maker’s stock worth $104,000 after acquiring an additional 1,628 shares during the period. Hedge funds and other institutional investors own 36.40% of the company’s stock.
Shares of Mattersight Corp (NASDAQ MATR) traded down $0.05 during midday trading on Friday, hitting $2.60. The stock had a trading volume of 12,890 shares, compared to its average volume of 62,129. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.35 and a quick ratio of 1.35. Mattersight Corp has a one year low of $2.10 and a one year high of $4.05. The company has a market cap of $86.74, a P/E ratio of -4.06 and a beta of -0.13.
Mattersight (NASDAQ:MATR) last issued its earnings results on Tuesday, November 7th. The software maker reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. The business had revenue of $11.34 million for the quarter, compared to the consensus estimate of $11.51 million. equities analysts predict that Mattersight Corp will post -0.59 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Mattersight from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.
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Mattersight Company Profile
Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.
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