Bank of New York Mellon Corp reduced its position in shares of Callidus Software Inc. (NASDAQ:CALD) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 356,939 shares of the company’s stock after selling 17,874 shares during the period. Bank of New York Mellon Corp owned 0.63% of Callidus Software worth $7,132,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its position in Callidus Software by 15.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 439,714 shares of the company’s stock worth $8,785,000 after buying an additional 59,414 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in Callidus Software by 32.2% in the second quarter. Monarch Partners Asset Management LLC now owns 341,420 shares of the company’s stock worth $6,822,000 after buying an additional 83,180 shares during the last quarter. GW&K Investment Management LLC boosted its position in Callidus Software by 53.1% in the second quarter. GW&K Investment Management LLC now owns 1,359,898 shares of the company’s stock worth $27,171,000 after buying an additional 471,708 shares during the last quarter. Falcon Point Capital LLC boosted its position in Callidus Software by 1.3% in the second quarter. Falcon Point Capital LLC now owns 831,780 shares of the company’s stock worth $16,619,000 after buying an additional 10,326 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Callidus Software during the second quarter worth approximately $11,897,000. Institutional investors own 97.98% of the company’s stock.

Callidus Software Inc. (NASDAQ:CALD) traded down 1.15% on Tuesday, reaching $18.04. The company had a trading volume of 1,209,489 shares. The company’s market capitalization is $1.03 billion. Callidus Software Inc. has a 52 week low of $11.48 and a 52 week high of $21.64. The stock’s 50-day moving average is $19.49 and its 200-day moving average is $18.25.

Callidus Software (NASDAQ:CALD) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $50.32 million. Callidus Software had a negative return on equity of 6.53% and a negative net margin of 7.69%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Equities research analysts forecast that Callidus Software Inc. will post $0.28 EPS for the current fiscal year.

A number of research analysts recently weighed in on CALD shares. Dougherty & Co lowered Callidus Software from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research report on Monday. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Callidus Software in a research report on Monday. B. Riley reaffirmed a “buy” rating and set a $21.00 price objective on shares of Callidus Software in a research report on Tuesday, August 9th. Zacks Investment Research raised Callidus Software from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, August 8th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating on shares of Callidus Software in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $21.11.

In other news, Director Kevin Klausmeyer sold 12,812 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $19.93, for a total transaction of $255,343.16. Following the transaction, the director now owns 35,845 shares of the company’s stock, valued at $714,390.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles Boesenberg sold 17,670 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $19.77, for a total value of $349,335.90. Following the transaction, the director now directly owns 156,176 shares in the company, valued at approximately $3,087,599.52. The disclosure for this sale can be found here. Insiders own 3.23% of the company’s stock.

About Callidus Software

Callidus Software Inc (Callidus) is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Company’s CallidusCloud enables its customers to manage their Lead to Money process with a suite of solutions that identify leads, implement territory and quota plans, enable sales forces, automate bid configuration pricing and quoting, manage contracts, streamline sales compensation and capture customer feedback, among others.

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