Pembroke Management LTD decreased its holdings in shares of Upland Software Inc (NASDAQ:UPLD) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 556,400 shares of the software maker’s stock after selling 43,163 shares during the quarter. Upland Software comprises about 2.7% of Pembroke Management LTD’s investment portfolio, making the stock its 10th largest position. Pembroke Management LTD owned about 2.59% of Upland Software worth $25,333,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Upland Software by 2.4% during the fourth quarter. BlackRock Inc. now owns 1,131,682 shares of the software maker’s stock valued at $30,759,000 after purchasing an additional 26,968 shares in the last quarter. Knott David M increased its position in Upland Software by 4.3% during the first quarter. Knott David M now owns 438,000 shares of the software maker’s stock valued at $18,554,000 after acquiring an additional 18,000 shares during the last quarter. Royce & Associates LP increased its position in Upland Software by 183.6% during the first quarter. Royce & Associates LP now owns 252,918 shares of the software maker’s stock valued at $10,714,000 after acquiring an additional 163,739 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Upland Software by 110.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 247,433 shares of the software maker’s stock valued at $6,725,000 after acquiring an additional 129,622 shares during the last quarter. Finally, RK Capital Management LLC bought a new position in Upland Software during the first quarter valued at $9,163,000. 66.90% of the stock is currently owned by institutional investors.
Shares of NASDAQ UPLD traded down $1.95 during mid-day trading on Friday, reaching $42.87. The company had a trading volume of 368,446 shares, compared to its average volume of 273,001. The stock’s 50-day moving average price is $46.55. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $921.28 million, a PE ratio of 36.33, a price-to-earnings-growth ratio of 1.74 and a beta of 0.57. Upland Software Inc has a 52 week low of $25.12 and a 52 week high of $54.87.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.20. The firm had revenue of $48.50 million for the quarter, compared to analysts’ expectations of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The business’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, sell-side analysts predict that Upland Software Inc will post 1.26 earnings per share for the current year.
UPLD has been the topic of a number of analyst reports. TheStreet cut shares of Upland Software from a “b-” rating to a “c+” rating in a research report on Wednesday, July 10th. Roth Capital boosted their price objective on shares of Upland Software from $54.00 to $58.00 in a research report on Tuesday, May 28th. Zacks Investment Research cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Thursday. Craig Hallum reiterated a “buy” rating and set a $56.00 price objective (up previously from $52.00) on shares of Upland Software in a research report on Friday, May 31st. Finally, ValuEngine cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Upland Software presently has a consensus rating of “Buy” and an average price target of $51.88.
About Upland Software
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.
Featured Article: What are the disadvantages of after-hours trading?
Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.