Upland Software (UPLD) Upgraded by Zacks Investment Research to Hold

Upland Software (NASDAQ:UPLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Upland Software Inc. is a provider of cloud-based Enterprise Work Management software that helps organizations to plan, manage and execute projects and work. It provides services to teams in Information Technology (IT), marketing, finance, professional services and process excellences. The Company’s services include Professional Services, Education and Training and Global Support. Upland Software, Inc. is headquartered in Austin, Texas. “

A number of other research firms also recently issued reports on UPLD. Roth Capital boosted their target price on shares of Upland Software from $54.00 to $58.00 in a research report on Tuesday. Jefferies Financial Group began coverage on shares of Upland Software in a research report on Friday. They set a “buy” rating and a $61.00 target price on the stock. Craig Hallum restated a “buy” rating and set a $56.00 price target (up previously from $52.00) on shares of Upland Software in a research note on Friday. BidaskClub upgraded shares of Upland Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 24th. Finally, Canaccord Genuity restated a “buy” rating and set a $52.00 price target on shares of Upland Software in a research note on Monday, May 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $51.50.

Shares of Upland Software stock traded down $0.61 during trading on Friday, reaching $47.49. 7,579 shares of the company traded hands, compared to its average volume of 681,396. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 3.23. Upland Software has a 1-year low of $25.12 and a 1-year high of $50.64. The company has a market capitalization of $1.02 billion, a PE ratio of 40.25, a PEG ratio of 1.89 and a beta of 0.69.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.20. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The company had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.39 million. During the same quarter in the previous year, the company earned $0.37 EPS. Upland Software’s quarterly revenue was up 53.5% compared to the same quarter last year. Sell-side analysts expect that Upland Software will post 1.26 EPS for the current fiscal year.

In other news, CFO Michael Douglass Hill sold 41,431 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total value of $1,711,514.61. Following the completion of the sale, the chief financial officer now owns 304,435 shares in the company, valued at approximately $12,576,209.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Timothy Mattox sold 28,196 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.27, for a total transaction of $1,135,452.92. Following the completion of the sale, the chief operating officer now owns 509,230 shares of the company’s stock, valued at approximately $20,506,692.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,431 shares of company stock valued at $3,359,128. Company insiders own 11.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE grew its position in Upland Software by 93.2% during the first quarter. US Bancorp DE now owns 715 shares of the software maker’s stock valued at $30,000 after buying an additional 345 shares during the period. Legal & General Group Plc grew its position in Upland Software by 26.6% during the fourth quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after buying an additional 622 shares during the period. BNP Paribas Arbitrage SA grew its position in Upland Software by 109,133.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,277 shares of the software maker’s stock valued at $139,000 after buying an additional 3,274 shares during the period. Van Hulzen Asset Management LLC bought a new position in Upland Software during the first quarter valued at about $222,000. Finally, Metropolitan Life Insurance Co. NY grew its position in Upland Software by 356.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,299 shares of the software maker’s stock valued at $144,000 after buying an additional 4,139 shares during the period. Hedge funds and other institutional investors own 66.55% of the company’s stock.

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.

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