Investors Sell Shares of Xura Inc. (MESG) on Strength (MESG)
Traders sold shares of Xura Inc. (NASDAQ:MESG) on strength during trading hours on Friday. $0.76 million flowed into the stock on the tick-up and $16.72 million flowed out of the stock on the tick-down, for a money net flow of $15.96 million out of the stock. Of all stocks tracked, Xura had the 0th highest net out-flow for the day. Xura traded up $0.19 for the day and closed at $24.61
MESG has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $25.00 target price on shares of Xura in a research report on Friday, April 22nd. Zacks Investment Research raised Xura from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Saturday, April 2nd. Finally, Craig Hallum lowered Xura from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.
The firm has a market capitalization of $615.69 million and a price-to-earnings ratio of 4.50. The company has a 50-day moving average of $24.49 and a 200-day moving average of $21.81.
Xura (NASDAQ:MESG) last released its quarterly earnings results on Monday, June 27th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.26) by $0.76. Analysts forecast that Xura Inc. will post ($0.26) EPS for the current year.
A number of hedge funds have recently made changes to their positions in MESG. Lapides Asset Management LLC raised its stake in shares of Xura by 9.6% in the fourth quarter. Lapides Asset Management LLC now owns 410,200 shares of the company’s stock worth $10,083,000 after buying an additional 35,800 shares during the period. Nichols Asset Management LLC purchased a new stake in shares of Xura during the fourth quarter worth about $9,340,000. Mutual of America Capital Management LLC raised its stake in shares of Xura by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 157,739 shares of the company’s stock worth $3,877,000 after buying an additional 13,427 shares during the period. EAM Investors LLC purchased a new stake in shares of Xura during the fourth quarter worth about $1,131,000. Finally, California State Teachers Retirement System raised its stake in shares of Xura by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,100 shares of the company’s stock worth $1,035,000 after buying an additional 749 shares during the period.
Xura, Inc, formerly Comverse, Inc, is a global provider of cloud-based and in-network services enablement and monetization software solutions for communication service providers (CSPs) and enterprises. The Company offers a suite of software solutions designed to support users’ connected lifestyles. The Company operates through two segments: Business Support Systems (BSS) and Digital Services.
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