Jefferies Group Equities Analysts Decrease Earnings Estimates for Apptio Inc. (APTI)
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.
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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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.
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