Virginia Retirement Systems ET AL reduced its holdings in Upland Software Inc (NASDAQ:UPLD) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,100 shares of the software maker’s stock after selling 6,900 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.26% of Upland Software worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in Upland Software by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 94,170 shares of the software maker’s stock valued at $3,043,000 after purchasing an additional 4,280 shares during the last quarter. BlackRock Inc. grew its position in Upland Software by 8.0% during the 3rd quarter. BlackRock Inc. now owns 1,104,714 shares of the software maker’s stock valued at $35,694,000 after purchasing an additional 82,162 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Upland Software during the 3rd quarter valued at about $3,806,000. MetLife Investment Advisors LLC grew its position in Upland Software by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,642 shares of the software maker’s stock valued at $376,000 after purchasing an additional 4,139 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in Upland Software by 7.6% during the 3rd quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock valued at $1,027,000 after purchasing an additional 2,249 shares during the last quarter. Hedge funds and other institutional investors own 68.38% of the company’s stock.
Shares of NASDAQ UPLD traded up $0.22 during trading on Wednesday, reaching $47.46. 305,139 shares of the company traded hands, compared to its average volume of 326,010. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 3.20. The company has a market cap of $1.01 billion, a PE ratio of 40.22, a PEG ratio of 1.95 and a beta of 0.69. Upland Software Inc has a 52-week low of $25.12 and a 52-week high of $50.64.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.20. The company 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 firm’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, equities research analysts anticipate that Upland Software Inc will post 1.26 EPS for the current fiscal year.
UPLD has been the topic of several recent analyst reports. ValuEngine raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. BidaskClub raised shares of Upland Software from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, February 22nd. Needham & Company LLC raised their price target on shares of Upland Software from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 8th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $48.00 price target on shares of Upland Software in a report on Friday, March 8th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.43.
In related news, COO Timothy Mattox sold 28,196 shares of the firm’s 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 owns 509,230 shares of the company’s stock, valued at $20,506,692.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Douglass Hill sold 41,431 shares of the firm’s 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 directly owns 304,435 shares in the company, valued at approximately $12,576,209.85. The disclosure for this sale can be found here. In the last three months, insiders sold 82,431 shares of company stock worth $3,359,128. 11.60% of the stock is currently owned by insiders.
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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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