inContact Inc. (SAAS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of inContact Inc. (NASDAQ:SAAS) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.40.
Separately, Zacks Investment Research raised inContact from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th.
A number of hedge funds and other institutional investors have recently modified their holdings of SAAS. Teacher Retirement System of Texas increased its position in inContact by 9.2% in the second quarter. Teacher Retirement System of Texas now owns 8,240 shares of the company’s stock worth $114,000 after buying an additional 696 shares in the last quarter. Royal Bank of Canada increased its position in inContact by 2,498.6% in the second quarter. Royal Bank of Canada now owns 9,173 shares of the company’s stock worth $127,000 after buying an additional 8,820 shares in the last quarter. BTG Pactual Global Asset Management Ltd purchased a new position in inContact during the second quarter worth approximately $139,000. Capital Fund Management S.A. purchased a new position in inContact during the third quarter worth approximately $149,000. Finally, Principal Financial Group Inc. purchased a new position in inContact during the third quarter worth approximately $152,000. 93.53% of the stock is owned by hedge funds and other institutional investors.
inContact (NASDAQ:SAAS) remained flat at $13.99 on Tuesday. inContact has a 12 month low of $7.15 and a 12 month high of $13.99. The company’s 50-day moving average price is $13.93 and its 200 day moving average price is $13.49.
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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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