Rice Hall James & Associates LLC Raises Stake in Upland Software Inc (NASDAQ:UPLD)

Rice Hall James & Associates LLC raised its position in Upland Software Inc (NASDAQ:UPLD) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,498 shares of the software maker’s stock after acquiring an additional 1,202 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Upland Software were worth $1,070,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Upland Software by 110.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 247,433 shares of the software maker’s stock valued at $6,725,000 after purchasing an additional 129,622 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Upland Software by 12.1% during the fourth quarter. Geode Capital Management LLC now owns 190,129 shares of the software maker’s stock valued at $5,167,000 after purchasing an additional 20,536 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Upland Software by 62.3% during the fourth quarter. Principal Financial Group Inc. now owns 13,859 shares of the software maker’s stock valued at $377,000 after purchasing an additional 5,321 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Upland Software by 28.4% during the fourth quarter. Bank of America Corp DE now owns 41,056 shares of the software maker’s stock valued at $1,116,000 after purchasing an additional 9,075 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Upland Software by 356.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,299 shares of the software maker’s stock valued at $144,000 after purchasing an additional 4,139 shares in the last quarter. Institutional investors own 72.44% of the company’s stock.

A number of equities analysts have weighed in on UPLD shares. Roth Capital raised their target price on shares of Upland Software from $54.00 to $58.00 in a research note on Tuesday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 target price (up previously from $50.00) on shares of Upland Software in a research note on Monday, June 24th. Zacks Investment Research downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. SunTrust Banks raised their target price on shares of Upland Software to $48.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $51.88.

Shares of UPLD traded up $0.97 on Friday, hitting $42.31. 2,896 shares of the stock traded hands, compared to its average volume of 352,215. The company has a market capitalization of $1.04 billion, a PE ratio of 35.68, a P/E/G ratio of 1.41 and a beta of 0.57. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.57 and a current ratio of 1.46. The business has a 50 day simple moving average of $45.09 and a 200 day simple moving average of $42.76. Upland Software Inc has a one year low of $25.12 and a one year high of $54.87.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.21. The company had revenue of $53.01 million during the quarter, compared to the consensus estimate of $51.51 million. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. On average, equities analysts expect that Upland Software Inc will post 1.51 earnings per share for the current year.

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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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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