Northern Trust Corp trimmed its holdings in Actua Corporation (NASDAQ:ACTA) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 429,893 shares of the software maker’s stock after selling 23,918 shares during the period. Northern Trust Corp owned about 1.35% of Actua Corporation worth $6,040,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in ACTA. Dimensional Fund Advisors LP lifted its stake in shares of Actua Corporation by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,510,113 shares of the software maker’s stock valued at $35,267,000 after buying an additional 119,156 shares in the last quarter. Credit Suisse AG lifted its stake in shares of Actua Corporation by 71.7% in the first quarter. Credit Suisse AG now owns 122,794 shares of the software maker’s stock valued at $1,725,000 after buying an additional 51,298 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Actua Corporation in the second quarter valued at $690,000. JPMorgan Chase & Co. lifted its stake in shares of Actua Corporation by 520.9% in the second quarter. JPMorgan Chase & Co. now owns 28,922 shares of the software maker’s stock valued at $407,000 after buying an additional 24,264 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of Actua Corporation by 57.8% in the second quarter. GSA Capital Partners LLP now owns 47,665 shares of the software maker’s stock valued at $670,000 after buying an additional 17,465 shares in the last quarter. 74.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on ACTA. Zacks Investment Research lowered shares of Actua Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub lowered shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. ValuEngine raised shares of Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Barrington Research lowered shares of Actua Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.
Shares of Actua Corporation (ACTA) opened at $15.55 on Wednesday. Actua Corporation has a 1-year low of $11.85 and a 1-year high of $15.95.
Actua Corporation (NASDAQ:ACTA) last announced its earnings results on Thursday, November 9th. The software maker reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.05). Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.80%. During the same quarter in the previous year, the company posted ($0.04) earnings per share. analysts forecast that Actua Corporation will post -0.59 earnings per share for the current fiscal year.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $15.60, for a total value of $26,317.20. Following the completion of the sale, the chief financial officer now owns 155,360 shares in the company, valued at $2,423,616. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.20% of the company’s stock.
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Actua Corporation Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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