SG Americas Securities LLC purchased a new stake in shares of Servicesource International Inc (NASDAQ:SREV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,533 shares of the technology company’s stock, valued at approximately $159,000. SG Americas Securities LLC owned 0.06% of Servicesource International as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in SREV. PEAK6 Investments L.P. purchased a new stake in shares of Servicesource International during the 3rd quarter worth about $105,000. Voya Investment Management LLC grew its holdings in shares of Servicesource International by 22.7% during the 2nd quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock worth $142,000 after purchasing an additional 6,789 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Servicesource International during the 3rd quarter worth approximately $139,000. Goldman Sachs Group Inc. boosted its stake in Servicesource International by 2.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 40,261 shares of the technology company’s stock valued at $156,000 after buying an additional 794 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Servicesource International by 21.7% in the 2nd quarter. Nationwide Fund Advisors now owns 42,721 shares of the technology company’s stock valued at $166,000 after buying an additional 7,607 shares in the last quarter. 67.68% of the stock is currently owned by hedge funds and other institutional investors.
SREV has been the topic of several recent analyst reports. Zacks Investment Research lowered Servicesource International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. BidaskClub raised Servicesource International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, ValuEngine downgraded Servicesource International from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.63.
Servicesource International Inc (NASDAQ:SREV) traded up $0.02 during trading hours on Wednesday, reaching $4.03. The company’s stock had a trading volume of 403,945 shares, compared to its average volume of 481,769. The firm has a market capitalization of $367.13, a PE ratio of -11.79 and a beta of 1.11. Servicesource International Inc has a 1 year low of $2.61 and a 1 year high of $4.17.
Servicesource International (NASDAQ:SREV) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $66.00 million during the quarter, compared to analysts’ expectations of $62.49 million. Servicesource International had a positive return on equity of 4.46% and a negative net margin of 12.48%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. equities analysts predict that Servicesource International Inc will post 0.1 earnings per share for the current year.
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About Servicesource International
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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