Acadian Asset Management LLC boosted its stake in LivePerson, Inc. (NASDAQ:LPSN) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,660 shares of the technology company’s stock after buying an additional 1,387 shares during the period. Acadian Asset Management LLC’s holdings in LivePerson were worth $986,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in LivePerson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the technology company’s stock valued at $241,000 after buying an additional 200 shares during the last quarter. Eqis Capital Management Inc. raised its position in LivePerson by 1.7% in the first quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock valued at $101,000 after buying an additional 243 shares during the last quarter. Arizona State Retirement System raised its position in LivePerson by 1.1% in the first quarter. Arizona State Retirement System now owns 27,792 shares of the technology company’s stock valued at $190,000 after buying an additional 300 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in LivePerson by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock valued at $1,053,000 after buying an additional 1,214 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in LivePerson by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,730 shares of the technology company’s stock valued at $217,000 after buying an additional 1,520 shares during the last quarter. 74.00% of the stock is currently owned by hedge funds and other institutional investors.

LivePerson, Inc. (NASDAQ LPSN) traded down 0.39% on Friday, hitting $12.75. The stock had a trading volume of 104,895 shares. LivePerson, Inc. has a 12-month low of $5.43 and a 12-month high of $14.05. The company’s 50 day moving average is $12.00 and its 200 day moving average is $9.00. The firm’s market cap is $750.98 million.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. LivePerson had a negative return on equity of 8.71% and a negative net margin of 13.29%. The business had revenue of $54.10 million during the quarter, compared to analyst estimates of $51.33 million. During the same quarter last year, the firm posted ($0.04) EPS. The company’s revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts expect that LivePerson, Inc. will post $0.10 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/acadian-asset-management-llc-increases-stake-in-liveperson-inc-nasdaqlpsn/1474104.html.

Several research firms recently issued reports on LPSN. Northland Securities set a $14.00 target price on LivePerson and gave the stock a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Benchmark Co. increased their price target on LivePerson from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of LivePerson in a research report on Thursday, May 11th. Finally, Craig Hallum raised LivePerson from a “hold” rating to a “buy” rating and increased their price target for the company from $8.60 to $8.85 in a research report on Thursday, May 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $12.14.

In related news, Director David Vaskevitch sold 37,135 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $11.40, for a total value of $423,339.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $228,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dustin Dean sold 47,292 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $9.83, for a total value of $464,880.36. Following the completion of the transaction, the executive vice president now owns 8,700 shares in the company, valued at approximately $85,521. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,475 shares of company stock worth $1,721,430. Insiders own 11.40% of the company’s stock.

LivePerson Company Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.