Meristem Family Wealth LLC Sells 315 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Meristem Family Wealth LLC lowered its holdings in LivePerson, Inc. (NASDAQ:LPSN) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,485 shares of the technology company’s stock after selling 315 shares during the quarter. Meristem Family Wealth LLC’s holdings in LivePerson were worth $237,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. UBS Group AG raised its holdings in shares of LivePerson by 8,723.6% in the 1st quarter. UBS Group AG now owns 159,971 shares of the technology company’s stock valued at $8,437,000 after purchasing an additional 158,158 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of LivePerson by 22.2% in the 1st quarter. Teacher Retirement System of Texas now owns 6,989 shares of the technology company’s stock valued at $369,000 after purchasing an additional 1,270 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of LivePerson by 0.9% in the 1st quarter. New York State Common Retirement Fund now owns 727,227 shares of the technology company’s stock valued at $38,354,000 after purchasing an additional 6,766 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of LivePerson in the 1st quarter valued at about $300,000. Finally, Artisan Partners Limited Partnership raised its holdings in shares of LivePerson by 2.3% in the 1st quarter. Artisan Partners Limited Partnership now owns 3,328,313 shares of the technology company’s stock valued at $175,535,000 after purchasing an additional 74,933 shares in the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.

In other news, Director Kevin Lavan sold 15,000 shares of the company’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $51.83, for a total value of $777,450.00. Following the sale, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $1,088,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexander Spinelli sold 2,815 shares of the company’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $54.94, for a total transaction of $154,656.10. The disclosure for this sale can be found here. Insiders sold a total of 28,017 shares of company stock worth $1,494,974 over the last ninety days. Insiders own 10.70% of the company’s stock.

LPSN has been the subject of several recent analyst reports. TheStreet lowered shares of LivePerson from a “c-” rating to a “d+” rating in a research note on Wednesday, March 24th. Jefferies Financial Group reduced their price objective on shares of LivePerson from $65.00 to $60.00 in a research note on Friday, May 28th. Citigroup initiated coverage on shares of LivePerson in a research note on Wednesday, March 31st. They set a “buy” rating and a $76.00 price objective for the company. Zacks Investment Research upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Thursday, April 29th. Finally, JPMorgan Chase & Co. upgraded shares of LivePerson from a “neutral” rating to an “overweight” rating and set a $79.00 price objective for the company in a research note on Thursday, March 4th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $69.73.

Shares of LivePerson stock opened at $58.22 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 3.49 and a quick ratio of 3.49. LivePerson, Inc. has a 12-month low of $31.78 and a 12-month high of $72.23. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -42.50 and a beta of 1.13. The company’s 50 day moving average is $54.66.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Tuesday, May 4th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.08. The business had revenue of $107.89 million for the quarter, compared to analyst estimates of $103.40 million. LivePerson had a negative net margin of 23.15% and a negative return on equity of 36.51%. Equities research analysts anticipate that LivePerson, Inc. will post -1.45 EPS for the current fiscal year.

LivePerson Company Profile

LivePerson, Inc, together with its subsidiaries, provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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