Five9 Inc (FIVN) Holdings Increased by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in Five9 Inc (NASDAQ:FIVN) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,730 shares of the software maker’s stock after purchasing an additional 19,800 shares during the period. California Public Employees Retirement System owned about 0.17% of Five9 worth $4,491,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Five9 by 19.3% in the third quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after acquiring an additional 1,026,191 shares in the last quarter. Vanguard Group Inc increased its position in shares of Five9 by 19.3% in the third quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after acquiring an additional 1,026,191 shares in the last quarter. BlackRock Inc. increased its position in shares of Five9 by 0.9% in the third quarter. BlackRock Inc. now owns 4,111,151 shares of the software maker’s stock worth $179,617,000 after acquiring an additional 38,488 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Five9 by 4.7% in the third quarter. Renaissance Technologies LLC now owns 2,628,700 shares of the software maker’s stock worth $114,848,000 after acquiring an additional 117,800 shares in the last quarter. Finally, Sylebra HK Co Ltd increased its position in shares of Five9 by 107.9% in the third quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock worth $64,031,000 after acquiring an additional 760,804 shares in the last quarter.

Shares of FIVN opened at $54.43 on Friday. Five9 Inc has a 52 week low of $26.92 and a 52 week high of $57.90. The company has a market cap of $3.23 billion, a P/E ratio of 362.87 and a beta of 0.63. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 1.41.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Tuesday, February 19th. The software maker reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The firm had revenue of $72.34 million for the quarter, compared to the consensus estimate of $66.53 million. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. On average, equities research analysts predict that Five9 Inc will post -0.05 EPS for the current year.

Several research firms have recently weighed in on FIVN. BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Canaccord Genuity lifted their target price on shares of Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. SunTrust Banks boosted their price objective on shares of Five9 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. KeyCorp reaffirmed a “hold” rating on shares of Five9 in a research report on Tuesday, February 19th. Finally, Morgan Stanley set a $58.00 price objective on shares of Five9 and gave the company a “buy” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.85.

In other Five9 news, CFO Barry Zwarenstein sold 8,500 shares of Five9 stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $54.03, for a total value of $459,255.00. Following the completion of the sale, the chief financial officer now directly owns 125,405 shares in the company, valued at $6,775,632.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Welch sold 11,351 shares of Five9 stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $51.68, for a total transaction of $586,619.68. Following the completion of the sale, the executive vice president now owns 82,120 shares of the company’s stock, valued at $4,243,961.60. The disclosure for this sale can be found here. Insiders sold 247,189 shares of company stock valued at $12,781,493 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

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Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Read More: Return on Equity (ROE)

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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