Mount Yale Investment Advisors LLC lifted its holdings in Upland Software Inc (NASDAQ:UPLD) by 42.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,726 shares of the software maker’s stock after buying an additional 2,016 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Upland Software were worth $231,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new stake in Upland Software during the second quarter worth $161,000. Metropolitan Life Insurance Co. NY purchased a new stake in Upland Software during the second quarter worth $182,000. Cubist Systematic Strategies LLC purchased a new stake in Upland Software during the second quarter worth $203,000. PEAK6 Investments L.P. purchased a new stake in Upland Software during the second quarter worth $203,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Upland Software during the second quarter worth $258,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.
A number of research firms have commented on UPLD. BidaskClub upgraded Upland Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 1st. Roth Capital upgraded Upland Software from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $26.00 to $11.50 in a research report on Thursday, August 9th. Needham & Company LLC upped their price objective on Upland Software from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Finally, Canaccord Genuity upped their price objective on Upland Software from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, June 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Upland Software currently has an average rating of “Hold” and an average target price of $34.64.
Upland Software (NASDAQ:UPLD) last released its earnings results on Wednesday, August 8th. The software maker reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The business had revenue of $35.95 million during the quarter, compared to analyst estimates of $34.06 million. Upland Software had a negative net margin of 12.92% and a positive return on equity of 19.31%. The business’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) earnings per share. As a group, equities analysts predict that Upland Software Inc will post 0.8 EPS for the current year.
In other Upland Software news, Director David May sold 20,000 shares of the company’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $34.96, for a total transaction of $699,200.00. Following the completion of the sale, the director now directly owns 103,500 shares in the company, valued at $3,618,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Epm Live, Inc. sold 859,400 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $34.85, for a total value of $29,950,090.00. The disclosure for this sale can be found here. Insiders have sold 1,215,751 shares of company stock valued at $42,668,385 over the last 90 days. 14.70% of the stock is currently owned by insiders.
About Upland Software
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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