River & Mercantile Asset Management LLP Boosts Stock Position in Upland Software, Inc. (NASDAQ:UPLD)

River & Mercantile Asset Management LLP boosted its holdings in Upland Software, Inc. (NASDAQ:UPLD – Get Rating) by 44.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,800 shares of the software maker’s stock after purchasing an additional 15,400 shares during the period. River & Mercantile Asset Management LLP’s holdings in Upland Software were worth $405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Federated Hermes Inc. raised its stake in shares of Upland Software by 173.7% in the second quarter. Federated Hermes Inc. now owns 847,195 shares of the software maker’s stock valued at $12,301,000 after buying an additional 537,658 shares during the period. Vanguard Group Inc. raised its stake in shares of Upland Software by 34.3% in the first quarter. Vanguard Group Inc. now owns 2,025,310 shares of the software maker’s stock valued at $35,666,000 after buying an additional 517,293 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Upland Software by 162.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 618,322 shares of the software maker’s stock valued at $5,027,000 after buying an additional 383,045 shares during the period. Needham Investment Management LLC raised its stake in shares of Upland Software by 521.4% in the second quarter. Needham Investment Management LLC now owns 435,000 shares of the software maker’s stock valued at $6,316,000 after buying an additional 365,000 shares during the period. Finally, Rice Hall James & Associates LLC raised its stake in shares of Upland Software by 990.5% in the third quarter. Rice Hall James & Associates LLC now owns 365,016 shares of the software maker’s stock valued at $2,968,000 after buying an additional 331,543 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

UPLD has been the topic of several research reports. Roth Capital lowered Upland Software from a “buy” rating to a “neutral” rating in a research note on Friday, February 24th. Credit Suisse Group began coverage on Upland Software in a research note on Monday, November 21st. They set a “neutral” rating and a $8.00 price objective on the stock. Needham & Company LLC cut Upland Software from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Roth Mkm cut Upland Software from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a report on Friday, February 24th. Finally, StockNews.com began coverage on Upland Software in a report on Thursday. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.44.

Upland Software Trading Down 1.0 %

Shares of UPLD stock opened at $4.72 on Friday. The stock has a market capitalization of $152.08 million, a PE ratio of -2.13 and a beta of 0.87. Upland Software, Inc. has a 1-year low of $4.55 and a 1-year high of $18.39. The business has a 50-day moving average of $7.56 and a 200 day moving average of $7.81. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.12 and a quick ratio of 2.12.

Upland Software (NASDAQ:UPLD – Get Rating) last issued its earnings results on Thursday, February 23rd. The software maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $78.81 million for the quarter, compared to analysts’ expectations of $76.46 million. Upland Software had a negative net margin of 21.56% and a positive return on equity of 8.44%. As a group, sell-side analysts anticipate that Upland Software, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling at Upland Software

In other Upland Software news, CEO John T. Mcdonald purchased 10,000 shares of the stock in a transaction on Monday, March 13th. The stock was acquired at an average price of $4.75 per share, with a total value of $47,500.00. Following the transaction, the chief executive officer now directly owns 263,738 shares of the company’s stock, valued at approximately $1,252,755.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.70% of the stock is currently owned by corporate insiders.

Upland Software Company Profile

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Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise sales and marketing cloud, project and IT management cloud, and document workflow cloud.