Virtu Financial LLC Increases Stake in BroadSoft Inc (BSFT)

Virtu Financial LLC grew its position in BroadSoft Inc (NASDAQ:BSFT) by 396.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,379 shares of the software maker’s stock after purchasing an additional 16,272 shares during the period. Virtu Financial LLC owned approximately 0.06% of BroadSoft worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its holdings in shares of BroadSoft by 36.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 22,839 shares of the software maker’s stock valued at $1,254,000 after purchasing an additional 6,068 shares during the period. BlackRock Inc. increased its holdings in shares of BroadSoft by 3.0% in the fourth quarter. BlackRock Inc. now owns 2,226,250 shares of the software maker’s stock valued at $122,221,000 after purchasing an additional 65,820 shares during the period. Capital Fund Management S.A. acquired a new position in shares of BroadSoft in the fourth quarter valued at about $6,179,000. State of Wisconsin Investment Board increased its holdings in shares of BroadSoft by 81.8% in the fourth quarter. State of Wisconsin Investment Board now owns 411,500 shares of the software maker’s stock valued at $22,591,000 after purchasing an additional 185,204 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of BroadSoft by 27.7% in the fourth quarter. First Trust Advisors LP now owns 33,843 shares of the software maker’s stock valued at $1,858,000 after purchasing an additional 7,344 shares during the period.

A number of brokerages have recently weighed in on BSFT. BidaskClub lowered BroadSoft from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Cowen lowered BroadSoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered BroadSoft from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Northland Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of BroadSoft in a report on Sunday, November 19th. Finally, Raymond James Financial lowered BroadSoft from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. BroadSoft currently has a consensus rating of “Hold” and a consensus target price of $50.40.

Shares of BroadSoft Inc (BSFT) opened at $54.90 on Friday. The company has a market capitalization of $1,740.00, a PE ratio of -152.50 and a beta of 0.97. BroadSoft Inc has a 1-year low of $33.85 and a 1-year high of $55.05. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41.

In related news, insider Scott D. Hoffpauir sold 4,448 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $54.96, for a total transaction of $244,462.08. Following the sale, the insider now directly owns 77,991 shares of the company’s stock, valued at $4,286,385.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

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BroadSoft Profile

BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.

Institutional Ownership by Quarter for BroadSoft (NASDAQ:BSFT)

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