New York State Common Retirement Fund increased its holdings in shares of Zuora Inc (NYSE:ZUO) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,829 shares of the company’s stock after purchasing an additional 15,001 shares during the period. New York State Common Retirement Fund’s holdings in Zuora were worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of ZUO. PNC Financial Services Group Inc. purchased a new position in Zuora in the fourth quarter valued at $100,000. Taylor Frigon Capital Management LLC purchased a new position in Zuora in the fourth quarter valued at $1,620,000. Parallel Advisors LLC increased its holdings in Zuora by 1,723.7% in the fourth quarter. Parallel Advisors LLC now owns 63,117 shares of the company’s stock valued at $1,144,000 after buying an additional 59,656 shares in the last quarter. Grandview Asset Management LLC purchased a new position in Zuora in the fourth quarter valued at $349,000. Finally, Creative Planning purchased a new position in Zuora in the fourth quarter valued at $642,000. 32.75% of the stock is owned by hedge funds and other institutional investors.
ZUO opened at $23.74 on Thursday. Zuora Inc has a twelve month low of $15.56 and a twelve month high of $37.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.98 and a quick ratio of 1.98.
In other Zuora news, SVP Jennifer Pileggi sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $19.67, for a total value of $196,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michelangelo Volpi sold 161,116 shares of the business’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $18.43, for a total transaction of $2,969,367.88. The disclosure for this sale can be found here.
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Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.
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