Actua Corporation (ACTA) Stake Boosted by Geode Capital Management LLC
Geode Capital Management LLC raised its position in Actua Corporation (NASDAQ:ACTA) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 299,303 shares of the software maker’s stock after buying an additional 10,591 shares during the period. Geode Capital Management LLC’s holdings in Actua Corporation were worth $4,205,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Actua Corporation by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock worth $4,581,000 after buying an additional 28,882 shares during the last quarter. American International Group Inc. increased its stake in shares of Actua Corporation by 7.1% in the first quarter. American International Group Inc. now owns 22,144 shares of the software maker’s stock worth $311,000 after buying an additional 1,461 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Actua Corporation during the first quarter worth $112,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Actua Corporation during the first quarter worth $294,000. Finally, Nationwide Fund Advisors increased its stake in shares of Actua Corporation by 1.0% in the first quarter. Nationwide Fund Advisors now owns 31,620 shares of the software maker’s stock worth $444,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.
Shares of Actua Corporation (NASDAQ ACTA) remained flat at $12.75 during mid-day trading on Wednesday. 6,370 shares of the stock traded hands. The company’s 50-day moving average price is $13.56 and its 200-day moving average price is $13.91. The firm has a market cap of $394.77 million, a price-to-earnings ratio of 5.38 and a beta of 1.62. Actua Corporation has a 52-week low of $9.42 and a 52-week high of $15.27.
Actua Corporation (NASDAQ:ACTA) last released its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The company had revenue of $31.19 million during the quarter, compared to the consensus estimate of $31.57 million. During the same period in the prior year, the firm earned ($0.35) earnings per share. Actua Corporation’s revenue was up 16.1% on a year-over-year basis. On average, analysts expect that Actua Corporation will post ($0.12) EPS for the current fiscal year.
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A number of analysts have weighed in on ACTA shares. Zacks Investment Research upgraded Actua Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded Actua Corporation from a “strong sell” rating to a “sell” rating in a report on Monday.
Actua Corporation Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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