Allspring Global Investments Holdings LLC increased its equity position in Upland Software, Inc. (NASDAQ:UPLD – Get Rating) by 82.8% in the third quarter, according to the latest 13F file filed with the U.S. Securities and Exchange Commission (SEC). I was. The company owned his 28,393 shares of the software maker’s stock after purchasing an additional 12,860 of his shares during the quarter. Allspring Global Investments Holdings LLC owned his 0.09% stake in Upland Software worth $230,000 as of the latest SEC filing.
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Other hedge funds and other institutional investors have also changed positions in the company. Russell Investments Group Ltd. increased his stake in Upland Software by 86.7% in the second quarter. Russell Investments Group Ltd. now owns 77,546 shares of the software maker worth $1,125,000 after purchasing an additional 36,016 of his shares during this period. Hodges Capital Management Inc. increased his stake in Upland Software by 34.7% in the second quarter. Hodges Capital Management Inc. now owns 724,588 shares of software maker stock valued at $10,521,000 after purchasing an additional 186,699 shares during this period. HighTower Trust Company NA acquired a new stake in his Upland Software worth approximately $322,000 in the third quarter. Assenagon Asset Management SA increased his Upland Software stake by 344.7% in the second quarter. Assenagon Asset Management SA owns 290,305 shares of the software maker worth $4,215,000 after purchasing an additional 225,021 shares during this period. Finally, Amalgamated Bank acquired a new stake in his Upland Software worth approximately $83,000 in the first quarter. Institutional investors and hedge funds own 96.10% of the company’s shares.
Upland Software Trading Down 1.3%
UPLD shares opened at $8.13 on Thursday. The stock has a 50-day moving average of $7.52 and a 200-day moving average of $8.89. The company has a debt to equity ratio of 1.66, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market capitalization of $258.36 million, a P/E of -4.75 and a beta of 0.74. Upland Software, Inc. has a 52-week low of $6.26 and a 52-week high of $20.28.
Upland Software (NASDAQ:UPLD – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The software maker earned $0.22 per share for the quarter, beating his $0.28 earnings per share from analysts’ consensus forecast of $0.06. The company’s revenue for the quarter he had $79.55 million, while analyst estimates put him at $78.38 million. Upland Software’s return on equity was 8.14% and net profit margin was 16.93%. A research analyst expects Upland Software, Inc. to post earnings per share of 0.7 for the current year.
Analyst upgrades and downgrades
UPLD has been the topic of many research analyst reports. StockNews.com said in a research note on Monday, Dec. 12, that he upgraded Upland Software’s stock from a “hold” rating to a “buy” rating. Raymond James downgraded Upland Software’s stock from an “outperform” rating to a “market he performed” rating in a research note on Tuesday, January 17. Credit Suisse Group began covering Upland Software stock in a research note on Monday, November 21st. They issued a “neutral” rating and an $8.00 stock price target. Finally, Trust Financial lowered its price target on Upland Software stock from $20.00 to $12.00 in his Monday, November 7 research notes.
Upland Software Profile
Upland Software, Inc provides cloud-based enterprise work management software in the US, UK, Canada and internationally. In the areas of marketing, sales, contact centers, project management, information technology, business operations, human resources and legal he delivers the Upland branded family of software applications.
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