Upland Software Inc (NASDAQ:UPLD) – Analysts at William Blair lowered their FY2019 earnings per share (EPS) estimates for shares of Upland Software in a research report issued to clients and investors on Friday, November 15th, Zacks Investment Research reports. William Blair analyst B. Suri now anticipates that the software maker will post earnings of $1.51 per share for the year, down from their prior forecast of $1.60.
A number of other brokerages also recently weighed in on UPLD. Raymond James upped their target price on Upland Software from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. Jefferies Financial Group dropped their target price on Upland Software from $61.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, November 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded Upland Software from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, ValuEngine downgraded Upland Software from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.67.
UPLD stock opened at $38.43 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.57. Upland Software has a one year low of $25.12 and a one year high of $54.87. The firm has a market capitalization of $956.39 million, a PE ratio of 32.57, a P/E/G ratio of 1.05 and a beta of 0.61. The firm has a 50-day moving average of $37.98 and a two-hundred day moving average of $42.10.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, November 7th. The software maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.20. Upland Software had a negative net margin of 11.31% and a positive return on equity of 21.45%. The company had revenue of $55.10 million during the quarter, compared to analyst estimates of $55.33 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 48.5% on a year-over-year basis.
In other news, Director Stephen E. Courter sold 1,450 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $34.42, for a total value of $49,909.00. Following the transaction, the director now owns 11,651 shares in the company, valued at approximately $401,027.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in UPLD. Cortina Asset Management LLC acquired a new position in Upland Software in the second quarter worth approximately $5,921,000. Falcon Point Capital LLC increased its holdings in Upland Software by 1.3% in the second quarter. Falcon Point Capital LLC now owns 21,536 shares of the software maker’s stock worth $981,000 after buying an additional 268 shares during the last quarter. Creative Planning increased its holdings in Upland Software by 10.0% in the second quarter. Creative Planning now owns 12,100 shares of the software maker’s stock worth $551,000 after buying an additional 1,100 shares during the last quarter. Ashburton Jersey Ltd acquired a new position in Upland Software in the second quarter worth approximately $57,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in Upland Software by 53.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,650 shares of the software maker’s stock worth $439,000 after buying an additional 3,350 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.
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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