Upland Software (NASDAQ:UPLD) released its earnings results on Thursday. The software maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.21, Briefing.com reports. Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The firm had revenue of $37.10 million during the quarter, compared to analysts’ expectations of $36.56 million. During the same period in the prior year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 42.1% on a year-over-year basis. Upland Software updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
Shares of NASDAQ:UPLD traded down $0.09 during trading on Friday, hitting $32.00. 241,900 shares of the company were exchanged, compared to its average volume of 215,454. The company has a market capitalization of $654.28 million, a PE ratio of 38.55, a price-to-earnings-growth ratio of 1.85 and a beta of 0.51. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.65 and a current ratio of 0.65. Upland Software has a 1-year low of $18.52 and a 1-year high of $38.30.
UPLD has been the subject of several recent analyst reports. BidaskClub cut Upland Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 11th. Canaccord Genuity restated a “buy” rating and set a $40.00 target price on shares of Upland Software in a research note on Wednesday, October 3rd. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Needham & Company LLC upped their price target on shares of Upland Software from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, Roth Capital upgraded shares of Upland Software from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $26.00 to $11.50 in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $34.64.
In other news, insider Epm Live, Inc. sold 55,101 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $36.32, for a total transaction of $2,001,268.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John T. Mcdonald sold 26,390 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $36.03, for a total value of $950,831.70. Following the completion of the sale, the chief executive officer now owns 1,700,144 shares of the company’s stock, valued at $61,256,188.32. The disclosure for this sale can be found here. Insiders have sold 1,103,506 shares of company stock valued at $38,662,182 over the last quarter. Company insiders own 14.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UPLD. BlackRock Inc. increased its holdings in Upland Software by 164.3% in the second quarter. BlackRock Inc. now owns 1,022,552 shares of the software maker’s stock valued at $35,145,000 after purchasing an additional 635,712 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new stake in Upland Software in the third quarter valued at $11,403,000. Assenagon Asset Management S.A. increased its holdings in Upland Software by 901.3% in the third quarter. Assenagon Asset Management S.A. now owns 158,476 shares of the software maker’s stock valued at $5,120,000 after purchasing an additional 142,649 shares during the period. Castleark Management LLC increased its holdings in Upland Software by 123.8% in the second quarter. Castleark Management LLC now owns 247,514 shares of the software maker’s stock valued at $8,507,000 after purchasing an additional 136,909 shares during the period. Finally, Portolan Capital Management LLC increased its holdings in Upland Software by 68.9% in the second quarter. Portolan Capital Management LLC now owns 231,389 shares of the software maker’s stock valued at $7,953,000 after purchasing an additional 94,412 shares during the period. Institutional investors and hedge funds own 53.81% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Upland Software (UPLD) Issues Quarterly Earnings Results” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/11/09/upland-software-upld-issues-quarterly-earnings-results.html.
About Upland Software
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.
Recommended Story: Growth Stocks
Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.