Upland Software Inc (NASDAQ:UPLD) – Equities research analysts at Jefferies Financial Group lifted their FY2019 earnings estimates for Upland Software in a research note issued on Thursday, August 22nd, Zacks Investment Research reports. Jefferies Financial Group analyst J. Difucci now forecasts that the software maker will earn $1.77 per share for the year, up from their previous forecast of $1.74. Jefferies Financial Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Financial Group also issued estimates for Upland Software’s Q1 2020 earnings at $0.53 EPS and Q4 2020 earnings at $0.58 EPS.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.29 by $0.21. Upland Software had a positive return on equity of 25.43% and a negative net margin of 8.03%. The business had revenue of $53.01 million during the quarter, compared to analyst estimates of $51.51 million. During the same period last year, the business posted ($0.26) earnings per share. The company’s quarterly revenue was up 47.5% on a year-over-year basis.
UPLD has been the topic of a number of other research reports. Roth Capital upped their target price on Upland Software from $54.00 to $58.00 in a research note on Tuesday, May 28th. BidaskClub lowered Upland Software from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Zacks Investment Research lowered Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet lowered Upland Software from a “b-” rating to a “c+” rating in a research note on Wednesday, July 10th. Finally, ValuEngine lowered Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Upland Software has an average rating of “Buy” and a consensus target price of $51.88.
UPLD stock opened at $36.64 on Monday. Upland Software has a 1 year low of $25.12 and a 1 year high of $54.87. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.46 and a current ratio of 1.46. The stock’s 50 day moving average price is $42.94 and its 200 day moving average price is $43.35. The firm has a market cap of $959.44 million, a P/E ratio of 31.05, a PEG ratio of 1.23 and a beta of 0.62.
In related news, Director David May sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $42.81, for a total value of $856,200.00. Following the completion of the transaction, the director now owns 65,773 shares of the company’s stock, valued at approximately $2,815,742.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.60% of the company’s stock.
Several large investors have recently modified their holdings of UPLD. Falcon Point Capital LLC increased its stake in Upland Software by 1.3% in the second quarter. Falcon Point Capital LLC now owns 21,536 shares of the software maker’s stock valued at $981,000 after purchasing an additional 268 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of Upland Software by 8.5% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 5,685 shares of the software maker’s stock valued at $259,000 after purchasing an additional 444 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Upland Software by 77.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock valued at $63,000 after purchasing an additional 608 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Upland Software in the 2nd quarter valued at approximately $28,000. Finally, Legal & General Group Plc boosted its stake in shares of Upland Software by 26.6% in the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after purchasing an additional 622 shares in the last quarter. 76.15% of the stock is owned by institutional investors.
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.