WESPAC Advisors LLC Makes New Investment in Upland Software, Inc. (NASDAQ:UPLD)

WESPAC Advisors LLC purchased a new stake in Upland Software, Inc. (NASDAQ:UPLD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,658 shares of the software maker’s stock, valued at approximately $55,000.

Other hedge funds have also recently modified their holdings of the company. First Heartland Consultants Inc. bought a new position in Upland Software in the third quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Upland Software in the 3rd quarter valued at $31,000. XTX Topco Ltd bought a new position in shares of Upland Software in the 3rd quarter worth $43,000. Legato Capital Management LLC bought a new position in shares of Upland Software in the 4th quarter worth $44,000. Finally, FMR LLC lifted its stake in shares of Upland Software by 30.0% during the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after purchasing an additional 18,134 shares during the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Upland Software Price Performance

Shares of UPLD opened at $4.09 on Monday. The company has a 50 day moving average of $4.31 and a two-hundred day moving average of $3.26. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software, Inc. has a twelve month low of $1.79 and a twelve month high of $5.64. The company has a market cap of $112.23 million, a price-to-earnings ratio of -0.90 and a beta of 1.28.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.75.

About Upland Software

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.