Apptio Inc. (NASDAQ:APTI) – Equities researchers at Jefferies Group reduced their Q1 2018 EPS estimates for shares of Apptio in a research note issued on Tuesday. Jefferies Group analyst J. Difucci now forecasts that the technology company will post earnings of ($0.17) per share for the quarter, down from their previous forecast of ($0.08). Jefferies Group has a “Buy” rating and a $33.00 price objective on the stock. Jefferies Group also issued estimates for Apptio’s Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at ($0.42) EPS, Q1 2019 earnings at ($0.12) EPS, Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at ($0.03) EPS and FY2019 earnings at ($0.20) EPS.

Apptio (NASDAQ:APTI) last issued its earnings results on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The business had revenue of $52.40 million during the quarter, compared to analyst estimates of $49.93 million. During the same period in the prior year, the company posted ($0.11) earnings per share. Apptio’s revenue was up 18.3% on a year-over-year basis.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Thursday. Oppenheimer reiterated a “buy” rating and issued a $31.00 price target on shares of Apptio in a research report on Tuesday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $24.00 price target (up from $23.00) on shares of Apptio in a research report on Tuesday, October 31st. Bank of America upped their price target on Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, BidaskClub cut Apptio from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $28.50.

Shares of Apptio (NASDAQ:APTI) opened at $24.24 on Friday. Apptio has a 1 year low of $10.77 and a 1 year high of $26.99. The firm has a market capitalization of $1,017.78, a price-to-earnings ratio of -37.29 and a beta of 0.96.

A number of institutional investors have recently bought and sold shares of APTI. Schwab Charles Investment Management Inc. boosted its holdings in Apptio by 163.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,000 shares of the technology company’s stock valued at $521,000 after acquiring an additional 18,600 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Apptio by 73.4% in the second quarter. Bank of New York Mellon Corp now owns 47,342 shares of the technology company’s stock valued at $821,000 after acquiring an additional 20,040 shares during the last quarter. Alliancebernstein L.P. bought a new position in Apptio in the second quarter valued at about $314,000. Teachers Advisors LLC bought a new position in Apptio in the second quarter valued at about $563,000. Finally, TIAA CREF Investment Management LLC bought a new position in Apptio in the second quarter valued at about $1,180,000. Institutional investors and hedge funds own 44.93% of the company’s stock.

In related news, CFO Kurt Shintaffer sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $22.05, for a total value of $882,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John C. Morrow sold 28,337 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $22.55, for a total value of $638,999.35. The disclosure for this sale can be found here. Insiders have sold 431,185 shares of company stock worth $9,628,021 in the last 90 days. Company insiders own 43.20% of the company’s stock.

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About Apptio

Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.

Earnings History and Estimates for Apptio (NASDAQ:APTI)

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