Kennedy Capital Management Inc. trimmed its holdings in ServiceSource International, Inc. (NASDAQ:SREV) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 583,801 shares of the technology company’s stock after selling 18,167 shares during the quarter. Kennedy Capital Management Inc. owned 0.66% of ServiceSource International worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. American International Group Inc. boosted its position in shares of ServiceSource International by 7.1% in the first quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock valued at $146,000 after acquiring an additional 2,484 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of ServiceSource International by 30.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock valued at $153,000 after acquiring an additional 9,284 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of ServiceSource International by 11.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 43,342 shares of the technology company’s stock valued at $168,000 after acquiring an additional 4,430 shares during the period. Concourse Capital Management LLC bought a new stake in shares of ServiceSource International in the first quarter valued at approximately $282,000. Finally, Rhumbline Advisers boosted its position in shares of ServiceSource International by 18.1% in the second quarter. Rhumbline Advisers now owns 82,271 shares of the technology company’s stock valued at $319,000 after acquiring an additional 12,607 shares during the period. 67.97% of the stock is owned by institutional investors.

In other news, CEO Christopher Carrington acquired 28,429 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of $3.50 per share, with a total value of $99,501.50. Following the acquisition, the chief executive officer now directly owns 822,473 shares in the company, valued at approximately $2,878,655.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven Cakebread sold 60,853 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $3.27, for a total value of $198,989.31. Following the completion of the transaction, the director now directly owns 64,943 shares in the company, valued at $212,363.61. The disclosure for this sale can be found here. Insiders have purchased a total of 126,578 shares of company stock worth $428,289 over the last three months. 17.90% of the stock is owned by insiders.

ServiceSource International, Inc. (SREV) opened at 3.42 on Wednesday. The company has a 50-day moving average price of $3.57 and a 200 day moving average price of $3.64. ServiceSource International, Inc. has a 12 month low of $2.82 and a 12 month high of $6.25. The company’s market capitalization is $305.03 million.

ServiceSource International (NASDAQ:SREV) last posted its earnings results on Monday, August 7th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $58.30 million for the quarter, compared to analyst estimates of $56.26 million. ServiceSource International had a negative return on equity of 3.70% and a negative net margin of 17.26%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. On average, equities research analysts forecast that ServiceSource International, Inc. will post $0.06 EPS for the current fiscal year.

SREV has been the subject of several research reports. Zacks Investment Research cut ServiceSource International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut ServiceSource International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Northland Securities set a $5.00 price objective on ServiceSource International and gave the company a “hold” rating in a research report on Friday, July 28th.

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ServiceSource International Profile

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

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Institutional Ownership by Quarter for ServiceSource International (NASDAQ:SREV)

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