Rice Hall James & Associates LLC Takes $272,000 Position in Upland Software Inc (UPLD)
Rice Hall James & Associates LLC acquired a new stake in Upland Software Inc (NASDAQ:UPLD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,547 shares of the software maker’s stock, valued at approximately $272,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pembroke Management LTD lifted its position in shares of Upland Software by 4.0% in the third quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after buying an additional 24,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Upland Software by 55.3% in the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after buying an additional 143,808 shares during the last quarter. Lyon Street Capital LLC lifted its position in shares of Upland Software by 16.8% in the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock valued at $8,229,000 after buying an additional 55,965 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Upland Software in the second quarter valued at approximately $5,584,000. Finally, Wasatch Advisors Inc. lifted its position in shares of Upland Software by 13.8% in the fourth quarter. Wasatch Advisors Inc. now owns 217,813 shares of the software maker’s stock valued at $4,718,000 after buying an additional 26,407 shares during the last quarter. 30.23% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on UPLD shares. BidaskClub raised Upland Software from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. ValuEngine cut Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $26.40.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $26.07 million during the quarter, compared to analysts’ expectations of $25.33 million. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The business’s revenue was up 35.5% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. sell-side analysts anticipate that Upland Software Inc will post 0.48 EPS for the current year.
In related news, major shareholder Systems Corp Wave sold 1,460,862 shares of Upland Software stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $22.00, for a total transaction of $32,138,964.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John T. Mcdonald sold 35,196 shares of Upland Software stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.44, for a total value of $754,602.24. Following the sale, the chief executive officer now directly owns 1,922,022 shares of the company’s stock, valued at $41,208,151.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,039,712 shares of company stock valued at $44,932,254. 30.20% of the stock is currently owned by insiders.
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Upland Software Profile
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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