Raymond James Financial Services Advisors Inc. acquired a new stake in eGain Corp (NASDAQ:EGAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,815 shares of the technology company’s stock, valued at approximately $254,000.

A number of other large investors also recently added to or reduced their stakes in EGAN. Barclays PLC purchased a new position in eGain in the first quarter valued at about $105,000. Engineers Gate Manager LP purchased a new position in eGain in the first quarter valued at about $152,000. Ramsey Quantitative Systems raised its position in eGain by 216.3% in the second quarter. Ramsey Quantitative Systems now owns 12,012 shares of the technology company’s stock valued at $181,000 after purchasing an additional 8,214 shares during the period. Element Capital Management LLC purchased a new position in eGain in the first quarter valued at about $194,000. Finally, A.R.T. Advisors LLC raised its position in eGain by 41.2% in the first quarter. A.R.T. Advisors LLC now owns 25,019 shares of the technology company’s stock valued at $198,000 after purchasing an additional 7,300 shares during the period. 70.83% of the stock is currently owned by institutional investors.

Shares of eGain stock opened at $12.73 on Friday. The company has a debt-to-equity ratio of -0.75, a quick ratio of 0.65 and a current ratio of 0.65. eGain Corp has a 1-year low of $2.00 and a 1-year high of $19.05.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, September 6th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $15.59 million for the quarter, compared to analyst estimates of $15.81 million. The business’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts forecast that eGain Corp will post -0.01 EPS for the current year.

Several research firms have commented on EGAN. BidaskClub lowered eGain from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Needham & Company LLC initiated coverage on eGain in a research note on Wednesday, July 18th. They set a “buy” rating and a $16.00 target price for the company. ValuEngine downgraded eGain from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded eGain from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Friday, June 22nd. Finally, Roth Capital raised their target price on eGain from $11.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, June 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $12.60.

eGain Company Profile

eGain Corporation provides cloud-based customer engagement software solutions worldwide. The company offers eGain software suite, including eGain Mobile for businesses to offer engagement options in the eGain suite to mobile users. It also provides Web applications comprising eGain Offers that helps businesses engage visitors on the company Website and Facebook fan pages; eGain Virtual Assistant that enables conversational automation to engage customers across digital touch points; eGain Cobrowse that enables phone and chat reps to show customers around the Website, help locate information, and hand-hold them during complex tasks; eGain Super Chat for Website visitors to conduct chats with agents; eGain ClickToCall provides Website visitors the ability to request a callback; and eGain SelfService to support customer self-service options.

Featured Story: Determine Your Level of Risk Tolerance

Want to see what other hedge funds are holding EGAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eGain Corp (NASDAQ:EGAN).

Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

Receive News & Ratings for eGain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eGain and related companies with MarketBeat.com's FREE daily email newsletter.