Lionbridge Technologies Inc. (LIOX) Upgraded to Hold by Zacks Investment Research
According to Zacks, “Lionbridge Technologies Inc. is a provider of globalization services to technology companies worldwide. Globalization is the process of adapting products or services to meet the demands of local cultures. The software, test, Web, and linguistic engineering groups create and maintain multilingual versions of the clients’ software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet. “
Separately, B. Riley reissued a buy rating and issued a $6.00 price objective on shares of Lionbridge Technologies in a report on Tuesday, August 9th.
Lionbridge Technologies (NASDAQ:LIOX) traded up 0.21% on Tuesday, reaching $4.78. The company had a trading volume of 19,275 shares. The stock has a market capitalization of $279.71 million, a P/E ratio of 29.69 and a beta of 1.34. Lionbridge Technologies has a 1-year low of $3.90 and a 1-year high of $6.26. The stock’s 50 day moving average is $4.87 and its 200-day moving average is $4.62.
Lionbridge Technologies (NASDAQ:LIOX) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.03. The firm earned $144.20 million during the quarter, compared to analyst estimates of $146.35 million. Lionbridge Technologies had a net margin of 1.77% and a return on equity of 27.44%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. On average, equities analysts predict that Lionbridge Technologies will post $0.56 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. Paloma Partners Management Co acquired a new position in shares of Lionbridge Technologies during the second quarter worth about $101,000. Springbok Capital Management LLC increased its position in shares of Lionbridge Technologies by 24.4% in the first quarter. Springbok Capital Management LLC now owns 33,225 shares of the company’s stock worth $168,000 after buying an additional 6,525 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Lionbridge Technologies by 5.2% in the second quarter. Spark Investment Management LLC now owns 40,400 shares of the company’s stock worth $159,000 after buying an additional 2,000 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Lionbridge Technologies by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,967 shares of the company’s stock worth $238,000 after buying an additional 294 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Lionbridge Technologies by 9.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 59,540 shares of the company’s stock worth $235,000 after buying an additional 5,114 shares in the last quarter. Institutional investors own 68.69% of the company’s stock.
Lionbridge Technologies Company Profile
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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