Creative Planning boosted its stake in Upland Software Inc (NASDAQ:UPLD) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,697 shares of the software maker’s stock after acquiring an additional 1,197 shares during the quarter. Creative Planning owned 0.05% of Upland Software worth $441,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC acquired a new stake in Upland Software during the 1st quarter worth $12,026,000. Wasatch Advisors Inc. boosted its stake in Upland Software by 28.6% during the 1st quarter. Wasatch Advisors Inc. now owns 1,020,755 shares of the software maker’s stock worth $27,377,000 after purchasing an additional 227,283 shares during the last quarter. CDAM UK Ltd boosted its stake in Upland Software by 16.5% during the 1st quarter. CDAM UK Ltd now owns 1,470,118 shares of the software maker’s stock worth $39,429,000 after purchasing an additional 208,301 shares during the last quarter. Ziegler Capital Management LLC acquired a new stake in Upland Software during the 1st quarter worth $4,176,000. Finally, Scout Investments Inc. boosted its stake in Upland Software by 311.0% during the 2nd quarter. Scout Investments Inc. now owns 138,237 shares of the software maker’s stock worth $4,805,000 after purchasing an additional 104,600 shares during the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors.
UPLD has been the topic of several recent research reports. SunTrust Banks lowered their target price on shares of Upland Software from $56.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Zacks Investment Research upgraded Upland Software from a “sell” rating to a “hold” rating in a report on Friday, July 10th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Upland Software in a report on Tuesday, May 26th. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Raymond James reduced their price target on Upland Software from $47.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Upland Software presently has a consensus rating of “Buy” and a consensus target price of $44.00.
Shares of UPLD opened at $34.42 on Friday. The firm has a market cap of $871.17 million, a P/E ratio of -14.65, a price-to-earnings-growth ratio of 2.16 and a beta of 1.00. Upland Software Inc has a 12-month low of $20.75 and a 12-month high of $47.30. The company’s 50-day moving average price is $34.17 and its 200 day moving average price is $33.62. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.35.
Upland Software (NASDAQ:UPLD) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.22. The firm had revenue of $68.00 million for the quarter, compared to analyst estimates of $64.00 million. Upland Software had a negative net margin of 23.79% and a positive return on equity of 18.86%. Upland Software’s revenue was up 38.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Equities research analysts forecast that Upland Software Inc will post 0.78 earnings per share for the current year.
In other Upland Software news, CFO Michael Douglass Hill sold 4,918 shares of Upland Software stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $34.10, for a total value of $167,703.80. Following the completion of the transaction, the chief financial officer now directly owns 276,495 shares of the company’s stock, valued at approximately $9,428,479.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John T. Mcdonald sold 8,062 shares of Upland Software stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $34.15, for a total value of $275,317.30. Following the completion of the transaction, the chief executive officer now directly owns 1,718,883 shares of the company’s stock, valued at $58,699,854.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,903 shares of company stock worth $781,417. 10.60% of the stock is owned by insiders.
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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