inContact Inc. (SAAS) Shares Sold by Hood River Capital Management LLC
Hood River Capital Management LLC cut its stake in shares of inContact Inc. (NASDAQ:SAAS) by 95.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,128 shares of the company’s stock after selling 1,247,735 shares during the period. Hood River Capital Management LLC’s holdings in inContact were worth $902,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. A.R.T. Advisors LLC purchased a new stake in inContact during the first quarter valued at $495,000. UBS Asset Management Americas Inc. boosted 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 valued at $7,118,000 after buying an additional 145,883 shares during the period. Goldman Sachs Group Inc. boosted 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 valued at $2,777,000 after buying an additional 283,826 shares during the period. Balter Liquid Alternatives LLC boosted its stake in inContact by 177.7% in the first quarter. Balter Liquid Alternatives LLC now owns 284,750 shares of the company’s stock valued at $2,531,000 after buying an additional 182,202 shares during the period. Finally, AlphaOne Investment Services LLC boosted its stake in inContact by 85.1% in the first quarter. AlphaOne Investment Services LLC now owns 28,750 shares of the company’s stock valued at $256,000 after buying an additional 13,220 shares during the period. 94.06% of the stock is owned by institutional investors and hedge funds.
inContact Inc. (NASDAQ:SAAS) traded down 0.43% during midday trading on Friday, reaching $13.89. 701,210 shares of the company’s stock were exchanged. The firm’s market capitalization is $868.61 million. The stock’s 50 day moving average is $13.93 and its 200 day moving average is $12.54. inContact Inc. has a 52 week low of $6.28 and a 52 week high of $13.99.
inContact (NASDAQ:SAAS) last announced its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.15. The company earned $63.80 million during the quarter, compared to analysts’ expectations of $62.43 million. inContact had a negative net margin of 7.86% and a negative return on equity of 12.85%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) earnings per share. On average, analysts expect that inContact Inc. will post ($0.25) EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of inContact from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. inContact currently has an average rating of “Hold” and an average price target of $12.75.
inContact Company Profile
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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