Intech Investment Management LLC Sells 25,977 Shares of LiveRamp Holdings, Inc. $RAMP

Intech Investment Management LLC lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 45.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,465 shares of the company’s stock after selling 25,977 shares during the period. Intech Investment Management LLC’s holdings in LiveRamp were worth $924,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Fort Washington Investment Advisors Inc. OH raised its position in LiveRamp by 11.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after purchasing an additional 145,745 shares during the last quarter. Boston Partners raised its position in shares of LiveRamp by 56.6% during the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after acquiring an additional 459,094 shares during the last quarter. Barclays PLC raised its position in shares of LiveRamp by 6.2% during the 3rd quarter. Barclays PLC now owns 721,579 shares of the company’s stock valued at $19,584,000 after acquiring an additional 42,026 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LiveRamp by 7.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 710,361 shares of the company’s stock valued at $19,279,000 after acquiring an additional 51,466 shares during the last quarter. Finally, Invenomic Capital Management LP raised its position in shares of LiveRamp by 61.4% during the 3rd quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock valued at $12,749,000 after acquiring an additional 178,799 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

LiveRamp stock opened at $37.43 on Monday. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $37.91. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 16.41 and a beta of 1.27. The firm has a 50-day moving average of $31.00 and a 200-day moving average of $28.61.

LiveRamp (NYSE:RAMP) last issued its earnings results on Sunday, May 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $206.09 million during the quarter, compared to the consensus estimate of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. LiveRamp’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

LiveRamp declared that its Board of Directors has approved a stock buyback program on Thursday, February 12th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 13.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently commented on RAMP shares. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Evercore started coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research report on Friday, May 22nd. Finally, DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.21.

LiveRamp Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.