inContact Inc. (SAAS) Upgraded by Zacks Investment Research to Hold
According to Zacks, “inContact, Inc. operates as a hosted, software as a service company offering a range of hosted contact handling and performance management software services, in addition to a variety of connectivity options for carrying an inbound call into its inContact suite of services.The Company sells telecom services unbundled from its inContact service offering, including dedicated, switched, toll free and data lines.The company also operates as a reseller of domestic and international long distance and other services provided by national and regional wholesale providers.It was formerly known as UCN, Inc. and is based in Midvale, Utah. “
Shares of inContact (NASDAQ:SAAS) opened at 13.96 on Wednesday. inContact has a 12 month low of $6.25 and a 12 month high of $13.99. The stock’s market cap is $872.99 million. The stock’s 50 day moving average is $13.92 and its 200 day moving average is $12.53.
inContact (NASDAQ:SAAS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.15. The business had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.43 million. inContact had a negative net margin of 7.86% and a negative return on equity of 12.85%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) EPS. Analysts predict that inContact will post ($0.25) earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Omni Partners LLP acquired a new stake in inContact during the second quarter worth about $313,000. A.R.T. Advisors LLC acquired a new stake in inContact during the first quarter worth about $495,000. Gamco Investors INC. ET AL acquired a new stake in inContact during the second quarter worth about $3,074,000. UBS Asset Management Americas Inc. increased its stake in inContact by 22.3% in the first quarter. UBS Asset Management Americas Inc. now owns 800,702 shares of the company’s stock worth $7,118,000 after buying an additional 145,883 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in inContact by 995.8% in the first quarter. Goldman Sachs Group Inc. now owns 312,328 shares of the company’s stock worth $2,777,000 after buying an additional 283,826 shares during the period. 94.06% of the stock is owned by hedge funds and other institutional investors.
inContact, Inc (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two business segments: Software and Network connectivity. inContact’s Software segment includes the services related to the delivery of its cloud contact center software solutions.
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