Five9, Inc. (NASDAQ:FIVN) Stock Position Lifted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its position in shares of Five9, Inc. (NASDAQ:FIVN) by 49.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,694 shares of the software maker’s stock after buying an additional 17,870 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Five9 were worth $4,225,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Five9 in the 1st quarter worth approximately $41,000. Neo Ivy Capital Management lifted its holdings in shares of Five9 by 117.6% in the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock worth $42,000 after purchasing an additional 254 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Five9 by 74.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 668 shares of the software maker’s stock worth $43,000 after purchasing an additional 285 shares during the last quarter. Quarry LP bought a new stake in shares of Five9 in the 1st quarter worth approximately $43,000. Finally, State of Wyoming lifted its holdings in shares of Five9 by 28.9% in the 4th quarter. State of Wyoming now owns 1,793 shares of the software maker’s stock worth $122,000 after purchasing an additional 402 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FIVN shares. Barclays cut their price target on Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Wells Fargo & Company cut their target price on Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. KeyCorp cut their target price on Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Piper Sandler lifted their target price on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Five9 in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.13.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Five9 Price Performance

Shares of Five9 stock opened at $57.09 on Friday. The stock’s fifty day moving average is $62.57 and its 200-day moving average is $68.74. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38. Five9, Inc. has a 12-month low of $51.01 and a 12-month high of $92.40.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Equities research analysts predict that Five9, Inc. will post -0.42 EPS for the current fiscal year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.