Avalon Advisors LLC decreased its holdings in Upland Software Inc (NASDAQ:UPLD) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 111,188 shares of the software maker’s stock after selling 2,885 shares during the quarter. Avalon Advisors LLC’s holdings in Upland Software were worth $3,022,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Upland Software in the third quarter valued at approximately $121,000. LPL Financial LLC bought a new stake in Upland Software in the fourth quarter valued at approximately $200,000. NJ State Employees Deferred Compensation Plan bought a new position in shares of Upland Software during the fourth quarter worth approximately $245,000. Alliancebernstein L.P. increased its stake in shares of Upland Software by 60.7% during the third quarter. Alliancebernstein L.P. now owns 9,800 shares of the software maker’s stock worth $317,000 after purchasing an additional 3,700 shares during the period. Finally, Evanson Asset Management LLC increased its stake in shares of Upland Software by 18.4% during the fourth quarter. Evanson Asset Management LLC now owns 10,887 shares of the software maker’s stock worth $296,000 after purchasing an additional 1,690 shares during the period. Hedge funds and other institutional investors own 63.07% of the company’s stock.

In other Upland Software news, CEO John T. Mcdonald sold 20,000 shares of the firm’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief executive officer now owns 1,565,947 shares in the company, valued at approximately $46,978,410. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Timothy Mattox sold 28,196 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.27, for a total value of $1,135,452.92. Following the transaction, the chief operating officer now owns 509,230 shares in the company, valued at approximately $20,506,692.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,000 shares of company stock worth $2,247,613. 14.70% of the stock is owned by corporate insiders.

Shares of NASDAQ UPLD opened at $41.43 on Friday. The company has a market cap of $895.14 million, a PE ratio of 35.11, a PEG ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 0.64. Upland Software Inc has a 1-year low of $25.12 and a 1-year high of $42.29.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, March 7th. The software maker reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.19. The company had revenue of $45.18 million for the quarter, compared to analyst estimates of $43.17 million. Upland Software had a positive return on equity of 24.98% and a negative net margin of 6.64%. Equities research analysts predict that Upland Software Inc will post 1.31 earnings per share for the current year.

A number of equities analysts have recently weighed in on UPLD shares. Canaccord Genuity reiterated a “buy” rating and set a $40.00 target price on shares of Upland Software in a research note on Monday, December 17th. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, February 22nd. Finally, Needham & Company LLC increased their target price on Upland Software from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Nine equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $44.29.

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About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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