Falcon Point Capital LLC lifted its stake in shares of Upland Software Inc (NASDAQ:UPLD) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,536 shares of the software maker’s stock after purchasing an additional 268 shares during the quarter. Falcon Point Capital LLC owned 0.10% of Upland Software worth $981,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPLD. BlackRock Inc. lifted its position in shares of Upland Software by 2.4% during the 4th quarter. BlackRock Inc. now owns 1,131,682 shares of the software maker’s stock worth $30,759,000 after buying an additional 26,968 shares during the last quarter. Knott David M raised its position in Upland Software by 4.3% in the first quarter. Knott David M now owns 438,000 shares of the software maker’s stock valued at $18,554,000 after purchasing an additional 18,000 shares during the last quarter. Royce & Associates LP raised its position in Upland Software by 183.6% in the first quarter. Royce & Associates LP now owns 252,918 shares of the software maker’s stock valued at $10,714,000 after purchasing an additional 163,739 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Upland Software by 110.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 247,433 shares of the software maker’s stock valued at $6,725,000 after purchasing an additional 129,622 shares during the last quarter. Finally, RK Capital Management LLC bought a new position in Upland Software in the first quarter valued at about $9,163,000. 72.44% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on UPLD. Canaccord Genuity restated a “buy” rating and set a $52.00 price objective on shares of Upland Software in a research report on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded Upland Software from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. ValuEngine downgraded Upland Software from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Roth Capital raised their target price on Upland Software from $54.00 to $58.00 in a research note on Tuesday, May 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 target price (up previously from $50.00) on shares of Upland Software in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $51.88.
UPLD stock opened at $41.34 on Friday. The stock’s 50 day moving average is $45.09 and its 200-day moving average is $42.76. The firm has a market capitalization of $1.08 billion, a PE ratio of 35.03, a P/E/G ratio of 1.41 and a beta of 0.57. Upland Software Inc has a twelve month low of $25.12 and a twelve month high of $54.87. The company has a quick ratio of 0.57, a current ratio of 1.46 and a debt-to-equity ratio of 1.33.
Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.21. The business had revenue of $53.01 million for the quarter, compared to analyst estimates of $51.51 million. Upland Software had a positive return on equity of 25.43% and a negative net margin of 8.03%. Upland Software’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period last year, the company posted ($0.26) earnings per share. On average, equities research analysts anticipate that Upland Software Inc will post 1.51 earnings per share for the current fiscal year.
Upland Software 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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