Linx S.A. (NASDAQ:LINX) shares were up 1.9% during mid-day trading on Friday . The company traded as high as $8.69 and last traded at $8.69, approximately 3,349 shares were traded during mid-day trading. A decline of 99% from the average daily volume of 554,673 shares. The stock had previously closed at $8.53.
Separately, Jefferies Financial Group started coverage on Linx in a research report on Monday, July 22nd. They issued a “buy” rating and a $11.00 target price on the stock.
A hedge fund recently bought a new stake in Linx stock. Pelham Global Financials Ltd. purchased a new stake in shares of Linx S.A. (NASDAQ:LINX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,410,500 shares of the company’s stock, valued at approximately $12,864,000. Linx makes up approximately 7.3% of Pelham Global Financials Ltd.’s portfolio, making the stock its 7th largest holding. Pelham Global Financials Ltd. owned about 0.74% of Linx at the end of the most recent reporting period.
Linx SA, through its subsidiaries, provides management software solutions for the retail market in Brazil and internationally. It offers enterprise resource planning, and point of sale or point of service (POS) management software; and connectivity, electronic fund transfer, e-commerce, and customer relationship management solutions.
Further Reading: Return on Equity (ROE)
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