Quotient Technology Inc. (QUOT) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp increased its holdings in shares of Quotient Technology Inc. (NYSE:QUOT) by 17.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 498,548 shares of the technology company’s stock after purchasing an additional 75,127 shares during the quarter. Bank of New York Mellon Corp owned 0.54% of Quotient Technology worth $7,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in QUOT. Suntrust Banks Inc. lifted its holdings in Quotient Technology by 6.5% in the second quarter. Suntrust Banks Inc. now owns 28,220 shares of the technology company’s stock valued at $323,000 after acquiring an additional 1,710 shares during the period. Legal & General Group Plc lifted its holdings in Quotient Technology by 12.1% in the second quarter. Legal & General Group Plc now owns 17,238 shares of the technology company’s stock valued at $198,000 after acquiring an additional 1,865 shares during the period. Principal Financial Group Inc. lifted its holdings in Quotient Technology by 15.3% in the second quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock valued at $164,000 after acquiring an additional 1,889 shares during the period. TD Asset Management Inc. lifted its holdings in Quotient Technology by 6.8% in the second quarter. TD Asset Management Inc. now owns 37,698 shares of the technology company’s stock valued at $434,000 after acquiring an additional 2,400 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in Quotient Technology by 4.2% in the second quarter. Nationwide Fund Advisors now owns 78,944 shares of the technology company’s stock valued at $908,000 after acquiring an additional 3,183 shares during the period. 72.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on QUOT shares. BidaskClub downgraded Quotient Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Dougherty & Co reissued a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. First Analysis started coverage on Quotient Technology in a report on Monday, October 9th. They issued an “overweight” rating and a $21.00 target price on the stock. ValuEngine raised Quotient Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, DA Davidson started coverage on Quotient Technology in a research note on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Quotient Technology has a consensus rating of “Hold” and a consensus target price of $17.88.
Quotient Technology (NYSE:QUOT) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The business had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.24 million. During the same quarter in the prior year, the business posted ($0.13) EPS. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. equities analysts predict that Quotient Technology Inc. will post -0.22 earnings per share for the current fiscal year.
In other Quotient Technology news, Director Andrew J. Gessow bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $12.25 per share, for a total transaction of $61,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David E. Siminoff sold 8,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.76, for a total value of $126,080.00. Following the sale, the director now owns 3,000 shares of the company’s stock, valued at approximately $47,280. The disclosure for this sale can be found here. Insiders have sold 866,783 shares of company stock valued at $14,527,992 in the last quarter. 11.46% of the stock is currently owned by company insiders.
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Quotient Technology Company Profile
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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