Xura Inc. (NASDAQ:MESG) shares saw unusually-strong trading volume on Friday . Approximately 723,226 shares traded hands during trading, an increase of 86% from the previous session’s volume of 388,476 shares.The stock last traded at $24.55 and had previously closed at $24.42.

A number of research analysts recently issued reports on MESG shares. B. Riley restated a “buy” rating and set a $25.00 price objective on shares of Xura in a report on Friday, April 22nd. Zacks Investment Research upgraded shares of Xura from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Saturday, April 2nd. Finally, Craig Hallum cut shares of Xura from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.

The company’s 50-day moving average is $24.39 and its 200-day moving average is $21.81. The firm has a market cap of $615.69 million and a price-to-earnings ratio of 4.50.

Xura (NASDAQ:MESG) last posted its quarterly earnings results on Monday, June 27th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.76. Analysts anticipate that Xura Inc. will post ($0.26) EPS for the current fiscal year.

A number of hedge funds have bought and sold shares of MESG. California State Teachers Retirement System boosted its position in shares of Xura by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,100 shares of the company’s stock valued at $1,035,000 after buying an additional 749 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Xura by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 157,739 shares of the company’s stock valued at $3,877,000 after buying an additional 13,427 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Xura by 1.4% in the fourth quarter. Neuberger Berman Group LLC now owns 1,353,527 shares of the company’s stock valued at $33,270,000 after buying an additional 18,786 shares during the period. Lapides Asset Management LLC boosted its position in shares of Xura by 9.6% in the fourth quarter. Lapides Asset Management LLC now owns 410,200 shares of the company’s stock valued at $10,083,000 after buying an additional 35,800 shares during the period. Finally, Nationwide Fund Advisors boosted its position in shares of Xura by 262.3% in the fourth quarter. Nationwide Fund Advisors now owns 53,245 shares of the company’s stock valued at $1,309,000 after buying an additional 38,550 shares during the period.

Xura, Inc, formerly Comverse, Inc, is a global provider of cloud-based and in-network services enablement and monetization software solutions for communication service providers (CSPs) and enterprises. The Company offers a suite of software solutions designed to support users’ connected lifestyles. The Company operates through two segments: Business Support Systems (BSS) and Digital Services.

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