US Bancorp DE Has $517,000 Holdings in Quotient Technology Inc (QUOT)
US Bancorp DE boosted its position in shares of Quotient Technology Inc (NYSE:QUOT) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,430 shares of the technology company’s stock after acquiring an additional 4,348 shares during the quarter. US Bancorp DE’s holdings in Quotient Technology were worth $517,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in Quotient Technology by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 403,305 shares of the technology company’s stock valued at $5,284,000 after buying an additional 18,998 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Quotient Technology by 12.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 224,850 shares of the technology company’s stock valued at $2,945,000 after buying an additional 25,530 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Quotient Technology in the 2nd quarter valued at approximately $222,000. Bank of New York Mellon Corp raised its holdings in Quotient Technology by 29.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 546,408 shares of the technology company’s stock valued at $7,158,000 after buying an additional 124,103 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Quotient Technology by 7.8% in the 2nd quarter. Rhumbline Advisers now owns 76,446 shares of the technology company’s stock valued at $1,001,000 after buying an additional 5,520 shares during the last quarter. 75.21% of the stock is currently owned by hedge funds and other institutional investors.
QUOT has been the subject of a number of research reports. Royal Bank of Canada lowered shares of Quotient Technology from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 1st. ValuEngine upgraded shares of Quotient Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Finally, Zacks Investment Research lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.00.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, July 31st. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $89.55 million for the quarter, compared to analyst estimates of $88.44 million. Quotient Technology had a negative net margin of 6.45% and a negative return on equity of 4.00%. equities analysts expect that Quotient Technology Inc will post -0.17 EPS for the current fiscal year.
In other Quotient Technology news, insider Steven R. Boal sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $13.98, for a total transaction of $699,000.00. Following the completion of the sale, the insider now owns 3,212,653 shares of the company’s stock, valued at approximately $44,912,888.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 150,000 shares of company stock valued at $2,083,000 in the last three months. Insiders own 9.50% of the company’s stock.
Quotient Technology Company Profile
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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