Sei Investments Co. lifted its holdings in Upland Software Inc (NASDAQ:UPLD) by 385.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,919 shares of the software maker’s stock after purchasing an additional 8,668 shares during the period. Sei Investments Co.’s holdings in Upland Software were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. PenderFund Capital Management Ltd. increased its stake in shares of Upland Software by 13.7% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 163,463 shares of the software maker’s stock valued at $7,537,000 after purchasing an additional 19,663 shares in the last quarter. Dana Investment Advisors Inc. acquired a new stake in Upland Software in the 2nd quarter worth about $2,404,000. EAM Global Investors LLC boosted its holdings in Upland Software by 17.9% in the 1st quarter. EAM Global Investors LLC now owns 41,113 shares of the software maker’s stock worth $1,184,000 after buying an additional 6,228 shares during the last quarter. Avalon Advisors LLC acquired a new stake in Upland Software in the 1st quarter worth about $1,117,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in Upland Software in the 2nd quarter worth about $900,000. Hedge funds and other institutional investors own 52.27% of the company’s stock.
In related news, COO Timothy Mattox sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $38.00, for a total value of $41,762.00. Following the transaction, the chief operating officer now directly owns 449,690 shares in the company, valued at $17,088,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Epm Live, Inc. sold 859,400 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $34.85, for a total value of $29,950,090.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,231,181 shares of company stock worth $43,222,805. Insiders own 14.70% of the company’s stock.
Several equities research analysts recently issued reports on UPLD shares. Zacks Investment Research cut Upland Software from a “buy” rating to a “strong sell” rating in a report on Wednesday, August 15th. BidaskClub upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Roth Capital upgraded Upland Software from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $26.00 to $11.50 in a report on Thursday, August 9th. Finally, Needham & Company LLC lifted their price objective on Upland Software from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $33.08.
Shares of Upland Software stock opened at $34.82 on Monday. The company has a market cap of $763.15 million, a PE ratio of 41.95, a P/E/G ratio of 2.22 and a beta of 0.46. Upland Software Inc has a 1-year low of $18.52 and a 1-year high of $38.30. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.65 and a current ratio of 0.65.
Upland Software (NASDAQ:UPLD) last issued its earnings results on Wednesday, August 8th. The software maker reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The company had revenue of $35.95 million for the quarter, compared to analyst estimates of $34.06 million. Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. analysts expect that Upland Software Inc will post 0.8 earnings per share for the current fiscal year.
Upland Software Profile
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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