Schwab Charles Investment Management Inc. increased its stake in ServiceSource International, Inc. (NASDAQ:SREV) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,112 shares of the technology company’s stock after acquiring an additional 1,615 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.30% of ServiceSource International worth $1,021,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of ServiceSource International by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 2,480,558 shares of the technology company’s stock valued at $9,624,000 after acquiring an additional 240,079 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of ServiceSource International by 4.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,194,646 shares of the technology company’s stock valued at $8,515,000 after acquiring an additional 102,600 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ServiceSource International by 6.0% in the 1st quarter. Geode Capital Management LLC now owns 507,246 shares of the technology company’s stock valued at $1,968,000 after acquiring an additional 28,589 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ServiceSource International by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 472,899 shares of the technology company’s stock valued at $1,835,000 after acquiring an additional 15,939 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of ServiceSource International by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 342,186 shares of the technology company’s stock valued at $1,328,000 after acquiring an additional 4,526 shares in the last quarter. Institutional investors own 74.84% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ServiceSource International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Northland Securities set a $5.00 price target on shares of ServiceSource International and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, BidaskClub downgraded shares of ServiceSource International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

In other news, CEO Christopher Carrington acquired 28,429 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $3.50 per share, for a total transaction of $99,501.50. Following the completion of the acquisition, the chief executive officer now owns 822,473 shares in the company, valued at $2,878,655.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Cakebread sold 29,692 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $3.22, for a total value of $95,608.24. Following the completion of the transaction, the director now owns 64,943 shares of the company’s stock, valued at approximately $209,116.46. The disclosure for this sale can be found here. In the last quarter, insiders acquired 126,578 shares of company stock valued at $428,289. 30.30% of the stock is owned by corporate insiders.

Shares of ServiceSource International, Inc. (NASDAQ:SREV) opened at 3.51 on Monday. ServiceSource International, Inc. has a 52-week low of $2.82 and a 52-week high of $6.25. The firm’s market cap is $313.05 million. The company has a 50-day moving average of $3.53 and a 200 day moving average of $3.60.

ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $58.30 million during the quarter, compared to the consensus estimate of $56.26 million. ServiceSource International had a negative return on equity of 3.70% and a negative net margin of 17.26%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, equities analysts expect that ServiceSource International, Inc. will post $0.06 earnings per share for the current year.

WARNING: “ServiceSource International, Inc. (SREV) Shares Bought by Schwab Charles Investment Management Inc.” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/10/30/servicesource-international-inc-srev-shares-bought-by-schwab-charles-investment-management-inc.html.

ServiceSource International Profile

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

Want to see what other hedge funds are holding SREV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceSource International, Inc. (NASDAQ:SREV).

Institutional Ownership by Quarter for ServiceSource International (NASDAQ:SREV)

Receive News & Stock Ratings for ServiceSource International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceSource International Inc. and related stocks with our FREE daily email newsletter.