Blair William & Co. IL Has $154,000 Position in ServiceSource International Inc. (SREV)
Blair William & Co. IL decreased its position in shares of ServiceSource International Inc. (NASDAQ:SREV) by 19.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,300 shares of the company’s stock after selling 9,500 shares during the period. Blair William & Co. IL’s holdings in ServiceSource International were worth $154,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SREV. Oxford Asset Management boosted its position in shares of ServiceSource International by 155.1% in the second quarter. Oxford Asset Management now owns 123,267 shares of the company’s stock worth $497,000 after buying an additional 74,937 shares in the last quarter. Regis Management CO LLC purchased a new position in shares of ServiceSource International during the second quarter worth about $940,000. California State Teachers Retirement System boosted its position in shares of ServiceSource International by 2.6% in the second quarter. California State Teachers Retirement System now owns 127,974 shares of the company’s stock worth $516,000 after buying an additional 3,197 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of ServiceSource International during the second quarter worth about $357,000. Finally, Prescott Group Capital Management L.L.C. boosted its position in shares of ServiceSource International by 2.2% in the second quarter. Prescott Group Capital Management L.L.C. now owns 3,648,775 shares of the company’s stock worth $14,705,000 after buying an additional 80,000 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
Shares of ServiceSource International Inc. (NASDAQ:SREV) traded up 2.54% on Wednesday, reaching $4.85. 112,581 shares of the company’s stock were exchanged. ServiceSource International Inc. has a 52-week low of $3.35 and a 52-week high of $5.75. The company’s 50 day moving average price is $4.93 and its 200-day moving average price is $4.29. The stock’s market cap is $416.14 million.
ServiceSource International (NASDAQ:SREV) last posted its earnings results on Monday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm earned $62 million during the quarter, compared to analysts’ expectations of $60.33 million. ServiceSource International had a negative net margin of 12.68% and a negative return on equity of 7.50%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Equities analysts forecast that ServiceSource International Inc. will post ($0.01) EPS for the current fiscal year.
A number of brokerages recently issued reports on SREV. JMP Securities boosted their price objective on shares of ServiceSource International from $7.00 to $8.00 and gave the company a “market outperform” rating in a report on Wednesday, August 24th. Zacks Investment Research upgraded shares of ServiceSource International from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Saturday, August 13th. Finally, TheStreet upgraded shares of ServiceSource International from a “sell” rating to a “hold” rating in a report on Wednesday, September 7th.
About ServiceSource International
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel.
Want to see what other hedge funds are holding SREV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceSource International Inc. (NASDAQ:SREV).
Receive News & Ratings for ServiceSource International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceSource International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.