A number of other research firms also recently issued reports on UPLD. Jefferies Financial Group started coverage on shares of Upland Software in a research report on Friday, May 31st. They set a buy rating and a $61.00 target price for the company. Craig Hallum reaffirmed a buy rating and set a $56.00 price target (up from $52.00) on shares of Upland Software in a research report on Friday, May 31st. Zacks Investment Research downgraded shares of Upland Software from a buy rating to a hold rating in a research note on Thursday, August 1st. Needham & Company LLC reissued a buy rating and issued a $53.00 price objective (up previously from $50.00) on shares of Upland Software in a research report on Monday, June 24th. Finally, ValuEngine lowered shares of Upland Software from a hold rating to a sell rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $51.88.
UPLD stock opened at $36.54 on Friday. The company has a market cap of $922.60 million, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $41.51 and a two-hundred day moving average price of $43.43. Upland Software has a 12-month low of $25.12 and a 12-month high of $54.87.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.21. The company had revenue of $53.01 million for the quarter, compared to the consensus estimate of $51.51 million. Upland Software had a positive return on equity of 25.43% and a negative net margin of 8.03%. The company’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period last year, the business posted ($0.26) EPS. Equities analysts forecast that Upland Software will post 1.54 EPS for the current fiscal year.
In other news, Director David May sold 20,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $42.81, for a total value of $856,200.00. Following the completion of the sale, the director now owns 65,773 shares in the company, valued at $2,815,742.13. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new position in shares of Upland Software in the second quarter valued at $52,510,000. BlackRock Inc. grew its holdings in Upland Software by 32.3% during the 2nd quarter. BlackRock Inc. now owns 1,435,965 shares of the software maker’s stock valued at $65,378,000 after purchasing an additional 350,651 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in Upland Software during the 2nd quarter valued at $15,872,000. Nuveen Asset Management LLC increased its stake in Upland Software by 2,452.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 279,416 shares of the software maker’s stock worth $12,721,000 after buying an additional 268,468 shares during the period. Finally, RK Capital Management LLC purchased a new stake in Upland Software during the 1st quarter worth $9,163,000. 76.15% of the stock is currently owned by institutional investors and hedge funds.
Upland Software Company Profile
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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