Falcon Point Capital LLC Takes Position in Upland Software Inc (UPLD)

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Falcon Point Capital LLC bought a new stake in shares of Upland Software Inc (NASDAQ:UPLD) during the first quarter, Holdings Channel reports. The institutional investor bought 21,268 shares of the software maker’s stock, valued at approximately $901,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPLD. Bank of New York Mellon Corp increased its stake in Upland Software by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 94,170 shares of the software maker’s stock valued at $3,043,000 after acquiring an additional 4,280 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Upland Software during the third quarter valued at about $3,806,000. MetLife Investment Advisors LLC grew its stake in shares of Upland Software by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 11,642 shares of the software maker’s stock valued at $376,000 after buying an additional 4,139 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Upland Software by 7.6% during the third quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock valued at $1,027,000 after buying an additional 2,249 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Upland Software by 8.0% during the third quarter. Vanguard Group Inc. now owns 750,370 shares of the software maker’s stock valued at $24,245,000 after buying an additional 55,637 shares during the last quarter. Institutional investors own 68.38% of the company’s stock.

Shares of UPLD opened at $48.97 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 3.20. Upland Software Inc has a one year low of $25.12 and a one year high of $50.64. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 41.50, a P/E/G ratio of 1.95 and a beta of 0.69.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.20. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The business had revenue of $48.50 million during the quarter, compared to the consensus estimate of $48.39 million. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 53.5% on a year-over-year basis. Sell-side analysts predict that Upland Software Inc will post 1.26 EPS for the current fiscal year.

In other Upland Software news, CFO Michael Douglass Hill sold 41,431 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total transaction of $1,711,514.61. Following the completion of the transaction, the chief financial officer now owns 304,435 shares of the company’s stock, valued at $12,576,209.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy Mattox sold 12,804 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $40.00, for a total transaction of $512,160.00. Following the transaction, the chief operating officer now directly owns 509,230 shares of the company’s stock, valued at approximately $20,369,200. The disclosure for this sale can be found here. Insiders have sold 82,431 shares of company stock valued at $3,359,128 in the last ninety days. Insiders own 11.60% of the company’s stock.

A number of research analysts have recently issued reports on the company. BidaskClub raised Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut Upland Software from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Roth Capital increased their target price on shares of Upland Software from $43.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price on shares of Upland Software in a report on Monday, May 6th. They noted that the move was a valuation call. Finally, SunTrust Banks increased their target price on shares of Upland Software to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Upland Software has an average rating of “Buy” and a consensus price target of $48.43.

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About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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