Xura Inc. (NASDAQ:MESG) saw unusually-high trading volume on Friday . Approximately 723,226 shares changed 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.

MESG has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Xura from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Saturday, April 2nd. B. Riley reissued a “buy” rating and set a $40.00 price objective on shares of Xura in a research note on Tuesday, April 12th. Finally, Craig Hallum downgraded shares of Xura from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th.

The firm has a 50-day moving average price of $24.49 and a 200-day moving average price of $21.81. The company has a market cap of $615.69 million and a P/E ratio of 4.50.

Xura (NASDAQ:MESG) last released its earnings results on Monday, June 27th. The company reported ($1.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.76. On average, analysts expect that Xura Inc. will post ($0.26) EPS for the current year.

Other institutional investors recently added to or reduced their stakes in the company. Nichols Asset Management LLC bought a new position in Xura during the fourth quarter valued at approximately $9,340,000. EAM Investors LLC bought a new position in Xura during the fourth quarter valued at approximately $1,131,000. Nationwide Fund Advisors boosted its position in 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 last quarter. Lapides Asset Management LLC boosted its position in 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 last quarter. Finally, Mutual of America Capital Management LLC boosted its position in 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 last quarter.

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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