Shares of BroadSoft Inc. (NASDAQ:BSFT) saw unusually-strong trading volume on Friday . Approximately 962,639 shares traded hands during trading, an increase of 141% from the previous session’s volume of 398,690 shares.The stock last traded at $44.75 and had previously closed at $44.23.

Several equities analysts recently issued reports on BSFT shares. Deutsche Bank AG reissued a “hold” rating and set a $33.00 price target on shares of BroadSoft in a report on Thursday, April 14th. Jefferies Group reissued a “buy” rating on shares of BroadSoft in a report on Wednesday, April 27th. Dougherty & Co lifted their price target on shares of BroadSoft from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 29th. Zacks Investment Research cut shares of BroadSoft from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Finally, William Blair restated a “buy” rating on shares of BroadSoft in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.83.

The company has a 50 day moving average of $43.27 and a 200 day moving average of $38.79. The firm has a market capitalization of $1.31 billion and a P/E ratio of 830.19.

BroadSoft (NASDAQ:BSFT) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The business earned $73.10 million during the quarter, compared to analyst estimates of $71.58 million. The company’s revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. On average, equities analysts expect that BroadSoft Inc. will post $2.03 earnings per share for the current year.

In related news, CMO Taher G. Behbehani sold 1,955 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $39.14, for a total transaction of $76,518.70. Following the completion of the sale, the chief marketing officer now owns 64,474 shares of the company’s stock, valued at $2,523,512.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Taher G. Behbehani sold 4,273 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $45.89, for a total transaction of $196,087.97. Following the sale, the insider now directly owns 62,574 shares of the company’s stock, valued at approximately $2,871,520.86. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in BroadSoft by 8.7% in the fourth quarter. Rhumbline Advisers now owns 30,503 shares of the company’s stock valued at $1,079,000 after buying an additional 2,435 shares in the last quarter. Deere & Co. purchased a new stake in BroadSoft during the fourth quarter valued at $1,519,000. Redwood Investments LLC boosted its stake in BroadSoft by 21.7% in the fourth quarter. Redwood Investments LLC now owns 67,746 shares of the company’s stock valued at $2,395,000 after buying an additional 12,092 shares in the last quarter. New York State Common Retirement Fund boosted its stake in BroadSoft by 2.8% in the fourth quarter. New York State Common Retirement Fund now owns 109,020 shares of the company’s stock valued at $3,855,000 after buying an additional 2,953 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in BroadSoft by 2.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 808,769 shares of the company’s stock valued at $28,598,000 after buying an additional 21,250 shares in the last quarter.

BroadSoft, Inc is a provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The Company offers service providers two deployment options, software and software-as-a-service (SaaS), to enable them to offer UC services to their enterprise customers.

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