Upland Software, Inc. to Post Q4 2017 Earnings of $0.24 Per Share, William Blair Forecasts (UPLD)
Upland Software, Inc. (NASDAQ:UPLD) – Stock analysts at William Blair raised their Q4 2017 earnings per share (EPS) estimates for Upland Software in a research report issued to clients and investors on Friday. William Blair analyst B. Suri now expects that the software maker will post earnings per share of $0.24 for the quarter, up from their previous forecast of $0.23.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The firm had revenue of $26.07 million during the quarter, compared to analyst estimates of $25.33 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year.
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Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Canaccord Genuity upped their price target on shares of Upland Software from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.40.
Shares of Upland Software (NASDAQ UPLD) opened at $21.70 on Monday. Upland Software has a 52-week low of $8.19 and a 52-week high of $25.56. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94.
In related news, CFO Michael Douglass Hill sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $22.01, for a total value of $440,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Systems Corp Wave sold 35,400 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $22.38, for a total transaction of $792,252.00. The disclosure for this sale can be found here. Insiders sold a total of 170,108 shares of company stock valued at $3,743,473 over the last three months. 30.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Pembroke Management LTD boosted its stake in Upland Software by 4.0% in the 3rd quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock worth $13,185,000 after purchasing an additional 24,000 shares during the period. Vanguard Group Inc. boosted its stake in Upland Software by 55.3% in the 2nd quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock worth $8,883,000 after purchasing an additional 143,808 shares during the period. Lyon Street Capital LLC boosted its stake in Upland Software by 16.8% in the 3rd quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock worth $8,229,000 after purchasing an additional 55,965 shares during the period. Precept Management LLC boosted its stake in Upland Software by 41.3% in the 2nd quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock worth $6,129,000 after purchasing an additional 81,425 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in Upland Software in the 2nd quarter worth approximately $5,584,000. 27.62% of the stock is owned by institutional investors.
About Upland Software
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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