Summit Creek Advisors LLC raised its stake in Upland Software, Inc. (NASDAQ:UPLD – Get Rating) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 455,856 shares of the software maker’s stock after acquiring an additional 1,770 shares during the period. Summit Creek Advisors LLC’s holdings in Upland Software were worth $8,028,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. PDT Partners LLC bought a new position in shares of Upland Software during the fourth quarter valued at approximately $185,000. Blair William & Co. IL raised its holdings in shares of Upland Software by 12.4% during the fourth quarter. Blair William & Co. IL now owns 10,643 shares of the software maker’s stock valued at $191,000 after acquiring an additional 1,173 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Upland Software by 107.0% during the fourth quarter. BNP Paribas Arbitrage SA now owns 11,879 shares of the software maker’s stock valued at $213,000 after acquiring an additional 6,139 shares in the last quarter. Goff John C bought a new position in shares of Upland Software during the fourth quarter valued at approximately $233,000. Finally, We Are One Seven LLC raised its holdings in shares of Upland Software by 12.9% during the fourth quarter. We Are One Seven LLC now owns 13,357 shares of the software maker’s stock valued at $240,000 after acquiring an additional 1,524 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.
Wall Street Analyst Weigh In
UPLD has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Upland Software from $17.00 to $14.00 in a report on Monday, May 23rd. Canaccord Genuity Group decreased their price objective on Upland Software from $24.00 to $19.00 in a report on Friday. Craig Hallum decreased their price objective on Upland Software from $22.00 to $13.00 in a report on Thursday. Raymond James decreased their price objective on Upland Software from $24.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Needham & Company LLC decreased their price objective on Upland Software from $40.00 to $25.00 in a report on Thursday, May 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.63.
Upland Software Price Performance
Upland Software (NASDAQ:UPLD – Get Rating) last released its earnings results on Wednesday, May 4th. The software maker reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Upland Software had a positive return on equity of 6.92% and a negative net margin of 18.57%. The firm had revenue of $78.72 million for the quarter, compared to analysts’ expectations of $76.77 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts expect that Upland Software, Inc. will post 0.51 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, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.
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