Rice Hall James & Associates LLC Has $1.47 Million Stock Holdings in Upland Software, Inc. (NASDAQ:UPLD)

Rice Hall James & Associates LLC lifted its holdings in shares of Upland Software, Inc. (NASDAQ:UPLD) by 115.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 589,226 shares of the software maker’s stock after buying an additional 315,651 shares during the period. Rice Hall James & Associates LLC’s holdings in Upland Software were worth $1,467,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UPLD. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Upland Software in the 1st quarter valued at about $37,000. State Board of Administration of Florida Retirement System bought a new position in Upland Software in the 1st quarter valued at about $34,000. Assenagon Asset Management S.A. raised its holdings in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after acquiring an additional 6,018 shares during the period. Renaissance Technologies LLC raised its holdings in Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after acquiring an additional 185,617 shares during the period. Finally, Heron Bay Capital Management bought a new position in Upland Software in the 2nd quarter valued at about $185,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John T. Mcdonald purchased 33,635 shares of Upland Software stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $1.98 per share, for a total transaction of $66,597.30. Following the transaction, the chief executive officer now owns 297,373 shares of the company’s stock, valued at approximately $588,798.54. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 11.30% of the stock is currently owned by company insiders.

Upland Software Stock Performance

NASDAQ UPLD opened at $2.13 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71. The firm’s 50 day simple moving average is $2.34 and its 200 day simple moving average is $2.43. Upland Software, Inc. has a 1 year low of $1.79 and a 1 year high of $5.28.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.14). The firm had revenue of $69.34 million for the quarter, compared to analyst estimates of $67.91 million. Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. During the same quarter in the prior year, the business posted $0.04 EPS. On average, equities analysts expect that Upland Software, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on UPLD shares. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Friday, August 2nd. Roth Capital raised shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.75.

Upland Software Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.