Fifth Third Bancorp Takes $1.12 Million Position in UiPath, Inc. $PATH

Fifth Third Bancorp bought a new stake in shares of UiPath, Inc. (NYSE:PATH) in the 1st quarter, Holdings Channel.com reports. The firm bought 100,950 shares of the company’s stock, valued at approximately $1,121,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DNB Asset Management AS lifted its holdings in UiPath by 266.4% during the fourth quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock valued at $9,273,000 after purchasing an additional 411,395 shares in the last quarter. Burney Co. bought a new position in shares of UiPath in the fourth quarter worth approximately $2,285,000. Vanguard Group Inc. increased its stake in shares of UiPath by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after purchasing an additional 1,219,057 shares in the last quarter. Pier Capital LLC increased its stake in shares of UiPath by 95.4% in the fourth quarter. Pier Capital LLC now owns 251,245 shares of the company’s stock worth $4,118,000 after purchasing an additional 122,671 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in shares of UiPath by 525.3% during the 1st quarter. Waterfront Wealth Inc. now owns 241,029 shares of the company’s stock valued at $2,675,000 after purchasing an additional 202,485 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PATH shares. Morgan Stanley lowered their target price on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. DA Davidson cut their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. New Street Research set a $13.00 price objective on UiPath in a research report on Monday, June 1st. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research report on Friday, May 29th. Finally, UBS Group dropped their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.80.

UiPath Stock Performance

Shares of NYSE PATH opened at $10.85 on Friday. The company has a market cap of $5.62 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.30 and a beta of 0.98. UiPath, Inc. has a 52-week low of $9.20 and a 52-week high of $19.84. The firm’s fifty day moving average is $11.15 and its two-hundred day moving average is $11.67.

UiPath (NYSE:PATH) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. As a group, analysts forecast that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

UiPath Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.