Harvest Capital Strategies LLC cut its holdings in Servicesource International Inc (NASDAQ:SREV) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,848,826 shares of the technology company’s stock after selling 157,000 shares during the quarter. Servicesource International accounts for 3.7% of Harvest Capital Strategies LLC’s portfolio, making the stock its 6th biggest holding. Harvest Capital Strategies LLC owned 7.60% of Servicesource International worth $21,163,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Emancipation Management LLC acquired a new position in Servicesource International during the fourth quarter worth $1,290,000. Lyon Street Capital LLC raised its holdings in Servicesource International by 552.6% during the third quarter. Lyon Street Capital LLC now owns 469,622 shares of the technology company’s stock worth $1,625,000 after purchasing an additional 397,660 shares during the last quarter. OxFORD Asset Management LLP raised its holdings in Servicesource International by 465.6% during the third quarter. OxFORD Asset Management LLP now owns 230,097 shares of the technology company’s stock worth $801,000 after purchasing an additional 189,413 shares during the last quarter. Northern Trust Corp raised its holdings in Servicesource International by 24.2% during the second quarter. Northern Trust Corp now owns 861,516 shares of the technology company’s stock worth $3,343,000 after purchasing an additional 167,892 shares during the last quarter. Finally, State Street Corp raised its holdings in Servicesource International by 13.0% during the second quarter. State Street Corp now owns 1,135,960 shares of the technology company’s stock worth $4,406,000 after purchasing an additional 130,675 shares during the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.
Several equities analysts recently issued reports on SREV shares. BidaskClub raised Servicesource International from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research raised Servicesource International from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, ValuEngine cut Servicesource International from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. Servicesource International currently has an average rating of “Hold” and a consensus price target of $4.63.
Servicesource International (NASDAQ:SREV) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. Servicesource International had a positive return on equity of 4.46% and a negative net margin of 12.48%. The company had revenue of $66.00 million during the quarter, compared to analysts’ expectations of $62.49 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. research analysts anticipate that Servicesource International Inc will post 0.1 EPS for the current fiscal year.
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Servicesource International Company 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).
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