Jive Software Inc. (NASDAQ:JIVE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $4.50 target price on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.11% from the company’s current price.

According to Zacks, “Jive Software Inc. provides social business software products and services. Its Social Business platform combines the power of big data, enterprise integrations and social collaboration technologies. The Company’s Social Business software combines the power of community software, collaboration software, social networking software and social media monitoring offerings into an integrated platform. Jive Software, Inc. is headquartered in Palo Alto, California. “

Separately, Credit Suisse Group AG restated a “hold” rating and issued a $3.50 price target on shares of Jive Software in a research note on Monday, August 1st.

Shares of Jive Software (NASDAQ:JIVE) opened at 4.05 on Friday. The firm’s market capitalization is $316.33 million. Jive Software has a 12 month low of $2.84 and a 12 month high of $5.10. The firm’s 50-day moving average price is $4.02 and its 200 day moving average price is $4.00.

Jive Software (NASDAQ:JIVE) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business earned $50.72 million during the quarter, compared to the consensus estimate of $49.76 million. Jive Software had a negative net margin of 11.57% and a negative return on equity of 27.39%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Analysts anticipate that Jive Software will post $0.07 earnings per share for the current fiscal year.

In other news, EVP Ofer Ben-David sold 6,125 shares of Jive Software stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $4.45, for a total transaction of $27,256.25. Following the completion of the sale, the executive vice president now directly owns 384,306 shares of the company’s stock, valued at approximately $1,710,161.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Okumus Fund Management Ltd. boosted its stake in Jive Software by 38.4% in the first quarter. Okumus Fund Management Ltd. now owns 3,533,287 shares of the company’s stock valued at $13,356,000 after buying an additional 979,714 shares during the period. Bank of New York Mellon Corp boosted its stake in Jive Software by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 234,995 shares of the company’s stock valued at $884,000 after buying an additional 23,234 shares during the period. California State Teachers Retirement System boosted its stake in Jive Software by 21.5% in the second quarter. California State Teachers Retirement System now owns 121,049 shares of the company’s stock valued at $455,000 after buying an additional 21,419 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Jive Software during the second quarter valued at about $142,000. Finally, Alambic Investment Management L.P. boosted its stake in Jive Software by 48.3% in the second quarter. Alambic Investment Management L.P. now owns 141,948 shares of the company’s stock valued at $534,000 after buying an additional 46,200 shares during the period. 58.13% of the stock is owned by institutional investors and hedge funds.

About Jive Software

Jive Software, Inc is a provider of social business platform solutions. The Company’s segment is software sales and services. The Company’s products are primarily offered on a subscription basis, deployable in a private or public cloud and can be used for internal or external communities. The Company’s traditional enterprise software product offerings, based on the Jive platform (the Jive Platform), are provided to customers as cloud-based or on premise solutions.

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