Voya Investment Management LLC lifted its position in ServiceSource International, Inc. (NASDAQ:SREV) by 22.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,641 shares of the technology company’s stock after acquiring an additional 6,789 shares during the quarter. Voya Investment Management LLC’s holdings in ServiceSource International were worth $142,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of ServiceSource International by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 263,112 shares of the technology company’s stock worth $1,021,000 after acquiring an additional 1,615 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of ServiceSource International by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 90,934 shares of the technology company’s stock worth $353,000 after acquiring an additional 2,370 shares during the last quarter. American International Group Inc. lifted its holdings in shares of ServiceSource International by 7.1% in the 1st quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock worth $146,000 after acquiring an additional 2,484 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of ServiceSource International by 11.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 43,342 shares of the technology company’s stock worth $168,000 after acquiring an additional 4,430 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ServiceSource International by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 342,186 shares of the technology company’s stock worth $1,328,000 after acquiring an additional 4,526 shares during the last quarter. Hedge funds and other institutional investors own 66.99% of the company’s stock.

SREV has been the subject of several analyst reports. Northland Securities set a $5.00 target price on shares of ServiceSource International and gave the stock a “hold” rating in a report on Friday, July 28th. BidaskClub lowered shares of ServiceSource International from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of ServiceSource International from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Thursday, October 19th.

Shares of ServiceSource International, Inc. (SREV) opened at $3.02 on Thursday. ServiceSource International, Inc. has a twelve month low of $2.61 and a twelve month high of $6.25.

ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. ServiceSource International had a negative net margin of 15.89% and a negative return on equity of 1.35%. The company had revenue of $58.10 million during the quarter, compared to analyst estimates of $56.55 million. During the same quarter last year, the business posted $0.02 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. equities research analysts forecast that ServiceSource International, Inc. will post -0.02 earnings per share for the current year.

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In related news, CEO Christopher Carrington acquired 28,429 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average price of $3.50 per share, for a total transaction of $99,501.50. Following the acquisition, the chief executive officer now directly owns 822,473 shares of the company’s stock, valued at approximately $2,878,655.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 30.30% of the company’s stock.

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).

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

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