Mackenzie Financial Corp Purchases Shares of 27,395 Upland Software Inc (UPLD)
Mackenzie Financial Corp purchased a new stake in Upland Software Inc (NASDAQ:UPLD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,395 shares of the software maker’s stock, valued at approximately $580,000. Mackenzie Financial Corp owned approximately 0.13% of Upland Software as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in UPLD. Pembroke Management LTD grew its position in Upland Software by 4.0% during the third quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock worth $13,185,000 after buying an additional 24,000 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Upland Software during the second quarter worth about $489,000. Vanguard Group Inc. grew its position in Upland Software by 55.3% during the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock worth $8,883,000 after buying an additional 143,808 shares in the last quarter. White Pine Capital LLC grew its position in Upland Software by 24.6% during the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock worth $616,000 after buying an additional 5,525 shares in the last quarter. Finally, Lyon Street Capital LLC purchased a new position in Upland Software during the second quarter worth about $7,321,000. Institutional investors own 30.10% of the company’s stock.
In other news, Director David May sold 25,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $21.43, for a total value of $535,750.00. Following the completion of the sale, the director now owns 138,500 shares of the company’s stock, valued at approximately $2,968,055. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Systems Corp Wave sold 4,805 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $22.25, for a total value of $106,911.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 169,904 shares of company stock valued at $3,742,824. Corporate insiders own 30.20% of the company’s stock.
Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The firm had revenue of $26.07 million during the quarter, compared to analyst estimates of $25.33 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue was up 35.5% compared to the same quarter last year. equities research analysts anticipate that Upland Software Inc will post 0.48 earnings per share for the current fiscal year.
Several research firms recently commented on UPLD. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. ValuEngine cut Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Upland Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Canaccord Genuity boosted their target price on Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.40.
ILLEGAL ACTIVITY NOTICE: “Mackenzie Financial Corp Purchases Shares of 27,395 Upland Software Inc (UPLD)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/12/12/mackenzie-financial-corp-purchases-shares-of-27395-upland-software-inc-upld.html.
Upland Software Profile
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
Receive News & Stock Ratings for Upland Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software Inc and related stocks with our FREE daily email newsletter.