Upland Software Inc (UPLD) Stake Increased by Northern Trust Corp

Northern Trust Corp raised its position in Upland Software Inc (NASDAQ:UPLD) by 67.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 181,302 shares of the software maker’s stock after acquiring an additional 72,911 shares during the period. Northern Trust Corp owned approximately 0.84% of Upland Software worth $6,232,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Upland Software by 164.3% in the 2nd quarter. BlackRock Inc. now owns 1,022,552 shares of the software maker’s stock worth $35,145,000 after acquiring an additional 635,712 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Upland Software by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the software maker’s stock worth $10,009,000 after acquiring an additional 21,200 shares during the period. Castleark Management LLC lifted its stake in shares of Upland Software by 123.8% in the 2nd quarter. Castleark Management LLC now owns 247,514 shares of the software maker’s stock worth $8,507,000 after acquiring an additional 136,909 shares during the period. Ardsley Advisory Partners lifted its stake in shares of Upland Software by 11.9% in the 2nd quarter. Ardsley Advisory Partners now owns 235,000 shares of the software maker’s stock worth $8,077,000 after acquiring an additional 25,000 shares during the period. Finally, Portolan Capital Management LLC lifted its stake in shares of Upland Software by 68.9% in the 2nd quarter. Portolan Capital Management LLC now owns 231,389 shares of the software maker’s stock worth $7,953,000 after acquiring an additional 94,412 shares during the period. Institutional investors own 54.63% of the company’s stock.

Shares of NASDAQ UPLD opened at $30.50 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 1.72. Upland Software Inc has a 52 week low of $20.35 and a 52 week high of $38.30. The stock has a market capitalization of $631.92 million, a P/E ratio of 36.75, a P/E/G ratio of 1.59 and a beta of 0.51.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, November 8th. The software maker reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.21. Upland Software had a negative net margin of 12.40% and a positive return on equity of 20.76%. The firm had revenue of $37.10 million during the quarter, compared to analysts’ expectations of $36.56 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 42.1% compared to the same quarter last year. As a group, research analysts anticipate that Upland Software Inc will post 0.92 EPS for the current fiscal year.

In other Upland Software news, COO Timothy Mattox sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $38.00, for a total transaction of $41,762.00. Following the completion of the transaction, the chief operating officer now directly owns 449,690 shares in the company, valued at approximately $17,088,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Epm Live, Inc. sold 14,653 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $34.97, for a total transaction of $512,415.41. The disclosure for this sale can be found here. Insiders sold 997,699 shares of company stock valued at $34,748,992 in the last quarter. Company insiders own 14.70% of the company’s stock.

UPLD has been the subject of several recent analyst reports. BidaskClub cut shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Zacks Investment Research cut shares of Upland Software from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 15th. ValuEngine cut shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $40.00 price objective on shares of Upland Software in a research note on Wednesday, October 3rd. Finally, Raymond James raised their price objective on shares of Upland Software from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, October 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Upland Software currently has an average rating of “Hold” and a consensus target price of $34.64.

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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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