Swiss National Bank Increases Stake in Actua Corporation (ACTA)
Swiss National Bank grew its holdings in shares of Actua Corporation (NASDAQ:ACTA) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,200 shares of the software maker’s stock after buying an additional 7,500 shares during the period. Swiss National Bank owned 0.19% of Actua Corporation worth $832,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ACTA. Dimensional Fund Advisors LP boosted its holdings in shares of Actua Corporation by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,510,113 shares of the software maker’s stock valued at $35,267,000 after buying an additional 119,156 shares in the last quarter. Credit Suisse AG boosted its holdings in shares of Actua Corporation by 71.7% during the 1st quarter. Credit Suisse AG now owns 122,794 shares of the software maker’s stock valued at $1,725,000 after buying an additional 51,298 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Actua Corporation during the 2nd quarter valued at $690,000. Bank of New York Mellon Corp boosted its holdings in shares of Actua Corporation by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after buying an additional 28,882 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Actua Corporation by 86.5% during the 1st quarter. Citadel Advisors LLC now owns 52,629 shares of the software maker’s stock valued at $739,000 after buying an additional 24,409 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.
In other Actua Corporation news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $15.60, for a total value of $26,317.20. Following the completion of the sale, the chief financial officer now owns 155,360 shares of the company’s stock, valued at $2,423,616. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 5,061 shares of company stock valued at $68,830. Corporate insiders own 10.20% of the company’s stock.
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Actua Corporation (ACTA) opened at 15.60 on Friday. Actua Corporation has a 52 week low of $11.35 and a 52 week high of $15.95. The company has a market cap of $483.01 million, a PE ratio of 6.58 and a beta of 1.64. The company has a 50-day moving average of $13.98 and a 200-day moving average of $13.82.
Actua Corporation (NASDAQ:ACTA) last posted its earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. The company had revenue of $31.19 million for the quarter, compared to analyst estimates of $31.57 million. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. On average, equities analysts expect that Actua Corporation will post ($0.12) EPS for the current year.
A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Actua Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub cut shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Barrington Research cut shares of Actua Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.00.
Actua Corporation Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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