New York State Common Retirement Fund Acquires 15,001 Shares of Zuora Inc (ZUO)

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.

A number of research firms have weighed in on ZUO. Needham & Company LLC lifted their price objective on shares of Zuora from $27.00 to $30.00 and gave the company a “reduce” rating in a report on Wednesday. Canaccord Genuity upgraded shares of Zuora from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.00 to $28.00 in a research report on Tuesday. Goldman Sachs Group reiterated a “sell” rating and issued a $18.00 target price on shares of Zuora in a research report on Friday, February 1st. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Zuora in a research report on Saturday, January 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Zuora presently has a consensus rating of “Hold” and a consensus target price of $27.50.

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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About Zuora

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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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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