Upland Software Inc (NASDAQ:UPLD) – Equities researchers at SunTrust Banks reduced their Q2 2019 earnings estimates for shares of Upland Software in a research note issued on Tuesday, May 28th. SunTrust Banks analyst T. Tillman now expects that the software maker will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.22. SunTrust Banks has a “Buy” rating and a $48.00 price objective on the stock. SunTrust Banks also issued estimates for Upland Software’s Q4 2019 earnings at $0.19 EPS.

UPLD has been the topic of several other research reports. BidaskClub downgraded shares of Upland Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. TheStreet upgraded shares of Upland Software from a “c” rating to a “b-” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Friday, February 22nd. Craig Hallum restated a “buy” rating and set a $48.00 price objective on shares of Upland Software in a research report on Friday, March 8th. Finally, ValuEngine upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.50.

Shares of NASDAQ UPLD opened at $46.79 on Thursday. The company has a market capitalization of $1.02 billion, a PE ratio of 39.65, a PEG ratio of 1.89 and a beta of 0.69. Upland Software has a 52-week low of $25.12 and a 52-week high of $50.64. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 0.57.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.20. The firm had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The business’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share.

In other Upland Software news, COO Timothy Mattox sold 28,196 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were 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 directly owns 509,230 shares in the company, valued at $20,506,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Douglass Hill sold 41,431 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $41.31, for a total transaction of $1,711,514.61. Following the completion of the transaction, the chief financial officer now owns 304,435 shares in the company, valued at $12,576,209.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,431 shares of company stock worth $3,359,128. 11.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPLD. US Bancorp DE raised its position in Upland Software by 93.2% in the first quarter. US Bancorp DE now owns 715 shares of the software maker’s stock worth $30,000 after acquiring an additional 345 shares during the period. Legal & General Group Plc raised its position in Upland Software by 26.6% in the fourth quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock worth $81,000 after acquiring an additional 622 shares during the period. BNP Paribas Arbitrage SA raised its position in Upland Software by 109,133.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,277 shares of the software maker’s stock worth $139,000 after acquiring an additional 3,274 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Upland Software by 356.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,299 shares of the software maker’s stock worth $144,000 after acquiring an additional 4,139 shares during the period. Finally, LPL Financial LLC bought a new position in Upland Software in the fourth quarter worth approximately $200,000. Institutional investors and hedge funds own 66.55% of the company’s stock.

Upland Software Company Profile

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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