Strs Ohio Invests $82,000 in LivePerson, Inc. (NASDAQ:LPSN)

Strs Ohio acquired a new position in LivePerson, Inc. (NASDAQ:LPSN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,300 shares of the technology company’s stock, valued at approximately $82,000.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of LivePerson by 6.4% in the second quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock worth $258,941,000 after buying an additional 556,214 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of LivePerson by 2.5% in the second quarter. Vanguard Group Inc. now owns 6,230,499 shares of the technology company’s stock worth $174,703,000 after buying an additional 149,203 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of LivePerson by 7.9% in the second quarter. Janus Henderson Group PLC now owns 1,042,673 shares of the technology company’s stock worth $29,237,000 after buying an additional 76,122 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of LivePerson by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 954,455 shares of the technology company’s stock worth $26,762,000 after buying an additional 66,982 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of LivePerson by 8.3% in the second quarter. Northern Trust Corp now owns 930,146 shares of the technology company’s stock worth $26,082,000 after buying an additional 71,265 shares during the last quarter. Institutional investors and hedge funds own 87.31% of the company’s stock.

LPSN has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on shares of LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Northland Securities set a $45.00 target price on shares of LivePerson and gave the company a “buy” rating in a research note on Wednesday, September 18th. Needham & Company LLC upped their target price on shares of LivePerson from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, September 20th. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, KeyCorp upped their target price on shares of LivePerson from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.35.

NASDAQ:LPSN opened at $40.41 on Friday. The stock has a market cap of $2.71 billion, a P/E ratio of -175.70 and a beta of 1.03. LivePerson, Inc. has a one year low of $16.98 and a one year high of $42.85. The company has a fifty day moving average price of $38.42 and a 200 day moving average price of $33.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.41 and a quick ratio of 2.41.

In other LivePerson news, EVP Monica L. Greenberg sold 2,284 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total value of $84,941.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.70% of the company’s stock.

About LivePerson

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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