Zacks Investment Research upgraded shares of Actua (NASDAQ:ACTA) from a sell rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania. “
ACTA has been the topic of several other reports. BidaskClub raised shares of Actua from a strong sell rating to a sell rating in a research note on Thursday, December 7th. Barrington Research cut shares of Actua from an outperform rating to a market perform rating in a research note on Wednesday, October 4th. Finally, ValuEngine raised shares of Actua from a sell rating to a hold rating in a research note on Tuesday, September 26th.
Shares of Actua (ACTA) opened at $15.85 on Tuesday. Actua has a fifty-two week low of $11.85 and a fifty-two week high of $16.05.
Actua (NASDAQ:ACTA) last posted its quarterly earnings data on Thursday, November 9th. The software maker reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.05). Actua had a negative return on equity of 5.80% and a net margin of 67.78%. During the same quarter last year, the business posted ($0.04) EPS. sell-side analysts anticipate that Actua will post -1.01 earnings per share for the current year.
In other Actua news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $15.45, for a total value of $26,064.15. Following the transaction, the chief financial officer now directly owns 89,544 shares of the company’s stock, valued at $1,383,454.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 5,061 shares of company stock worth $78,614. Insiders own 10.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ACTA. Russell Investments Group Ltd. bought a new position in Actua in the third quarter valued at approximately $141,000. Tudor Investment Corp ET AL bought a new position in Actua in the second quarter valued at approximately $162,000. Numeric Investors LLC bought a new position in Actua in the second quarter valued at approximately $191,000. SG Americas Securities LLC bought a new position in Actua in the third quarter valued at approximately $197,000. Finally, UBS Asset Management Americas Inc. bought a new position in Actua in the second quarter valued at approximately $201,000. 72.53% of the stock is currently owned by hedge funds and other institutional investors.
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Actua Company 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), 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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