Equities research analysts forecast that Upland Software Inc (NASDAQ:UPLD) will announce $0.26 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Upland Software’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.22. Upland Software posted earnings of ($0.12) per share in the same quarter last year, which would indicate a positive year over year growth rate of 316.7%. The firm is scheduled to issue its next earnings results on Thursday, March 22nd.
According to Zacks, analysts expect that Upland Software will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.88 to $0.98. For the next year, analysts anticipate that the company will post earnings of $1.23 per share, with EPS estimates ranging from $1.04 to $1.41. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Upland Software.
UPLD has been the topic of several recent analyst reports. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. ValuEngine downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.40.
In related news, major shareholder Systems Corp Wave sold 1,460,862 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $22.00, for a total transaction of $32,138,964.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $22.08, for a total transaction of $1,490,400.00. Following the sale, the chief executive officer now directly owns 1,861,064 shares of the company’s stock, valued at $41,092,293.12. The disclosure for this sale can be found here. Insiders sold 2,072,016 shares of company stock valued at $45,698,427 in the last three months. Company insiders own 30.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Upland Software by 784.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after buying an additional 6,367 shares during the period. New York State Common Retirement Fund bought a new position in shares of Upland Software in the second quarter valued at approximately $172,000. Sterling Capital Management LLC bought a new position in shares of Upland Software in the second quarter valued at approximately $201,000. Bessemer Group Inc. bought a new position in shares of Upland Software in the third quarter valued at approximately $203,000. Finally, Quadrature Capital Ltd bought a new position in shares of Upland Software in the fourth quarter valued at approximately $221,000. 36.85% of the stock is owned by institutional investors and hedge funds.
Shares of Upland Software (NASDAQ UPLD) traded down $0.45 on Friday, hitting $22.18. 152,800 shares of the company traded hands, compared to its average volume of 135,862. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $470.15, a P/E ratio of -23.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. Upland Software has a fifty-two week low of $11.62 and a fifty-two week high of $25.56.
About Upland Software
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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