Squarepoint Ops LLC decreased its stake in shares of Upland Software Inc (NASDAQ:UPLD) by 26.5% in the 4th quarter, Holdings Channel reports. The firm owned 19,383 shares of the software maker’s stock after selling 6,992 shares during the quarter. Squarepoint Ops LLC’s holdings in Upland Software were worth $527,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UPLD. Alliancebernstein L.P. increased its stake in Upland Software by 60.7% in the third quarter. Alliancebernstein L.P. now owns 9,800 shares of the software maker’s stock valued at $317,000 after purchasing an additional 3,700 shares during the period. Bank of New York Mellon Corp increased its stake in Upland Software by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 94,170 shares of the software maker’s stock valued at $3,043,000 after purchasing an additional 4,280 shares during the period. BlackRock Inc. increased its stake in Upland Software by 8.0% in the third quarter. BlackRock Inc. now owns 1,104,714 shares of the software maker’s stock valued at $35,694,000 after purchasing an additional 82,162 shares during the period. Quantbot Technologies LP acquired a new position in Upland Software in the third quarter valued at $121,000. Finally, Dimensional Fund Advisors LP acquired a new position in Upland Software in the third quarter valued at $3,806,000. 63.39% of the stock is owned by hedge funds and other institutional investors.

UPLD stock opened at $41.78 on Wednesday. The stock has a market cap of $878.06 million, a P/E ratio of 35.41, a P/E/G ratio of 1.56 and a beta of 0.66. Upland Software Inc has a 52 week low of $25.12 and a 52 week high of $43.73. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.14.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Thursday, March 7th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.19. The firm had revenue of $45.18 million for the quarter, compared to the consensus estimate of $43.17 million. Upland Software had a negative net margin of 6.64% and a positive return on equity of 25.28%. On average, equities analysts predict that Upland Software Inc will post 1.31 earnings per share for the current year.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Upland Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 23rd. Roth Capital lifted their price objective on shares of Upland Software from $43.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Needham & Company LLC lifted their price objective on shares of Upland Software from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Finally, ValuEngine upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Eight equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $45.67.

In other Upland Software news, COO Timothy Mattox sold 28,196 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.27, for a total value of $1,135,452.92. Following the sale, the chief operating officer now owns 509,230 shares of the company’s stock, valued at $20,506,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Douglass Hill sold 41,431 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total transaction of $1,711,514.61. Following the completion of the sale, the chief financial officer now directly owns 304,435 shares in the company, valued at approximately $12,576,209.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,431 shares of company stock worth $3,959,128. 14.70% of the stock is owned by insiders.

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Upland Software Company Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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