Synovus Financial Corp Has $381,000 Holdings in Five9, Inc. (NASDAQ:FIVN)

Synovus Financial Corp increased its holdings in Five9, Inc. (NASDAQ:FIVN) by 34.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,272 shares of the software maker’s stock after buying an additional 3,385 shares during the period. Synovus Financial Corp’s holdings in Five9 were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Raymond James & Associates raised its holdings in Five9 by 10.6% in the 2nd quarter. Raymond James & Associates now owns 96,034 shares of the software maker’s stock valued at $4,235,000 after acquiring an additional 9,167 shares in the last quarter. Summit Global Investments lifted its position in Five9 by 68.5% during the second quarter. Summit Global Investments now owns 10,780 shares of the software maker’s stock worth $475,000 after purchasing an additional 4,383 shares during the period. Conestoga Capital Advisors LLC grew its stake in Five9 by 14.8% during the second quarter. Conestoga Capital Advisors LLC now owns 166,238 shares of the software maker’s stock worth $7,331,000 after buying an additional 21,390 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Five9 by 16.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,815 shares of the software maker’s stock valued at $742,000 after buying an additional 2,376 shares in the last quarter. Finally, Kopp Family Office LLC lifted its holdings in shares of Five9 by 48.2% during the 2nd quarter. Kopp Family Office LLC now owns 352,075 shares of the software maker’s stock worth $15,527,000 after acquiring an additional 114,583 shares during the period. 96.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. DA Davidson lifted their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Rosenblatt Securities raised their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their target price on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Piper Sandler raised their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.18.

Five9 Trading Down 3.5 %

NASDAQ FIVN opened at $41.24 on Thursday. The firm has a market capitalization of $3.10 billion, a PE ratio of -82.48, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. The business’s 50-day moving average price is $36.36 and its two-hundred day moving average price is $36.69. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $81.72.

Insider Buying and Selling

In related news, COO Andy Dignan sold 4,109 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares in the company, valued at $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock valued at $1,209,279 over the last ninety days. 1.80% of the stock is owned by company insiders.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.