Morgan Stanley reduced its position in Digimarc Corporation (NASDAQ:DMRC) by 16.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,443 shares of the information technology services provider’s stock after selling 13,712 shares during the period. Morgan Stanley owned approximately 0.70% of Digimarc Corporation worth $1,929,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC raised its position in shares of Digimarc Corporation by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 13,884 shares of the information technology services provider’s stock worth $417,000 after buying an additional 881 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Digimarc Corporation by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 61,525 shares of the information technology services provider’s stock worth $1,661,000 after buying an additional 5,100 shares in the last quarter. Marathon Capital Management increased its position in Digimarc Corporation by 1.8% in the first quarter. Marathon Capital Management now owns 59,330 shares of the information technology services provider’s stock worth $1,602,000 after buying an additional 1,025 shares in the last quarter. Cowen Prime Services LLC increased its position in Digimarc Corporation by 2.8% in the first quarter. Cowen Prime Services LLC now owns 379,605 shares of the information technology services provider’s stock worth $10,249,000 after buying an additional 10,201 shares in the last quarter. Finally, Hood River Capital Management LLC increased its position in Digimarc Corporation by 3.2% in the first quarter. Hood River Capital Management LLC now owns 298,397 shares of the information technology services provider’s stock worth $8,057,000 after buying an additional 9,293 shares in the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Digimarc Corporation (DMRC) traded up 5.74% during trading on Wednesday, hitting $31.30. 44,384 shares of the stock were exchanged. The firm’s market cap is $337.10 million. The firm’s 50-day moving average is $30.06 and its 200 day moving average is $30.05. Digimarc Corporation has a 52 week low of $24.20 and a 52 week high of $41.75.

Digimarc Corporation (NASDAQ:DMRC) last issued its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.68). The company had revenue of $5.59 million during the quarter, compared to analyst estimates of $5.69 million. Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. Digimarc Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned ($0.62) EPS. Analysts expect that Digimarc Corporation will post ($2.68) earnings per share for the current fiscal year.

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A number of research firms have recently commented on DMRC. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Digimarc Corporation in a research note on Saturday, July 29th. Zacks Investment Research upgraded shares of Digimarc Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Craig Hallum downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, Needham & Company LLC increased their price objective on shares of Digimarc Corporation from $33.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Digimarc Corporation has an average rating of “Hold” and a consensus target price of $45.75.

In other Digimarc Corporation news, CEO Bruce L. Davis sold 4,300 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $38.67, for a total transaction of $166,281.00. Following the completion of the sale, the chief executive officer now directly owns 57,144 shares in the company, valued at approximately $2,209,758.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tony Rodriguez sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $37.75, for a total transaction of $75,500.00. Following the sale, the insider now owns 29,887 shares of the company’s stock, valued at $1,128,234.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,000 shares of company stock valued at $379,430. 7.50% of the stock is owned by company insiders.

About Digimarc Corporation

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

Institutional Ownership by Quarter for Digimarc Corporation (NASDAQ:DMRC)

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