New York State Common Retirement Fund increased its position in shares of BroadSoft, Inc. (NASDAQ:BSFT) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,410 shares of the software maker’s stock after acquiring an additional 2,399 shares during the period. New York State Common Retirement Fund owned approximately 0.47% of BroadSoft worth $6,217,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BSFT. Sei Investments Co. boosted its position in shares of BroadSoft by 1.1% in the 2nd quarter. Sei Investments Co. now owns 36,486 shares of the software maker’s stock valued at $1,571,000 after purchasing an additional 410 shares during the period. Tealwood Asset Management Inc. boosted its position in shares of BroadSoft by 0.7% in the 2nd quarter. Tealwood Asset Management Inc. now owns 66,260 shares of the software maker’s stock valued at $2,852,000 after purchasing an additional 435 shares during the period. US Bancorp DE boosted its position in shares of BroadSoft by 9.6% in the 2nd quarter. US Bancorp DE now owns 6,595 shares of the software maker’s stock valued at $284,000 after purchasing an additional 579 shares during the period. Teachers Advisors LLC boosted its position in shares of BroadSoft by 1.2% in the 1st quarter. Teachers Advisors LLC now owns 49,286 shares of the software maker’s stock valued at $1,981,000 after purchasing an additional 581 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of BroadSoft by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 35,386 shares of the software maker’s stock valued at $1,523,000 after purchasing an additional 894 shares during the period.

In other BroadSoft news, Director John D. Jr. Markley sold 3,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $48.00, for a total value of $144,000.00. Following the completion of the sale, the director now directly owns 22,839 shares in the company, valued at $1,096,272. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott D. Hoffpauir sold 8,896 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $50.00, for a total value of $444,800.00. Following the completion of the sale, the insider now owns 105,502 shares of the company’s stock, valued at $5,275,100. The disclosure for this sale can be found here. Insiders sold 29,688 shares of company stock valued at $1,458,384 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

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Shares of BroadSoft, Inc. (NASDAQ:BSFT) opened at 53.15 on Friday. The firm’s market capitalization is $1.65 billion. The firm’s 50-day moving average price is $50.34 and its 200-day moving average price is $43.18. BroadSoft, Inc. has a 12 month low of $33.85 and a 12 month high of $54.70.

BroadSoft (NASDAQ:BSFT) last announced its quarterly earnings results on Monday, August 7th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.53. BroadSoft had a positive return on equity of 4.72% and a negative net margin of 2.34%. The company had revenue of $88.80 million during the quarter, compared to the consensus estimate of $86.63 million. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that BroadSoft, Inc. will post $2.27 earnings per share for the current year.

A number of equities analysts recently weighed in on BSFT shares. Zacks Investment Research lowered BroadSoft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC increased their price target on BroadSoft from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. BidaskClub lowered BroadSoft from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine upgraded BroadSoft from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price target on shares of BroadSoft in a research report on Monday, June 26th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. BroadSoft has an average rating of “Buy” and a consensus price target of $50.00.

BroadSoft Profile

BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.

Institutional Ownership by Quarter for BroadSoft (NASDAQ:BSFT)

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