eGain Co. (NASDAQ:EGAN) Stock Position Lifted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lifted its holdings in eGain Co. (NASDAQ:EGANGet Rating) by 57.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,834 shares of the technology company’s stock after purchasing an additional 7,986 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.07% of eGain worth $213,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of EGAN. Amalgamated Bank bought a new position in eGain during the first quarter valued at about $34,000. Lazard Asset Management LLC boosted its stake in eGain by 17.9% during the first quarter. Lazard Asset Management LLC now owns 7,705 shares of the technology company’s stock valued at $89,000 after buying an additional 1,168 shares in the last quarter. MetLife Investment Management LLC bought a new position in eGain during the first quarter valued at about $132,000. Dupont Capital Management Corp boosted its stake in eGain by 29.5% during the second quarter. Dupont Capital Management Corp now owns 19,223 shares of the technology company’s stock valued at $187,000 after buying an additional 4,383 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in eGain during the first quarter valued at about $224,000. Institutional investors own 55.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Craig Hallum decreased their target price on eGain from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, September 9th. TheStreet downgraded eGain from a “c” rating to a “d+” rating in a report on Wednesday, September 21st. Finally, StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 16th.

eGain Trading Down 3.2 %

Shares of NASDAQ EGAN opened at $8.59 on Tuesday. eGain Co. has a 12 month low of $7.02 and a 12 month high of $13.70. The company has a market cap of $274.34 million, a price-to-earnings ratio of -85.89 and a beta of 0.41. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $7.78 and a 200-day simple moving average of $8.82.

eGain (NASDAQ:EGANGet Rating) last announced its quarterly earnings data on Thursday, September 8th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $23.50 million during the quarter, compared to the consensus estimate of $23.42 million. eGain had a negative return on equity of 5.38% and a negative net margin of 3.16%. Sell-side analysts predict that eGain Co. will post -0.08 EPS for the current year.

eGain Company Profile

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eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides unified Knowledge Hub solutions to automate, augment, and orchestrate customer engagement. The company also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting and implementation, training, and managed services.

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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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