Rice Hall James & Associates LLC Purchases 315,651 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Rice Hall James & Associates LLC raised its stake in shares of Upland Software, Inc. (NASDAQ:UPLD) by 115.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 589,226 shares of the software maker’s stock after purchasing an additional 315,651 shares during the quarter. Rice Hall James & Associates LLC owned 2.14% of Upland Software worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in UPLD. Renaissance Technologies LLC boosted its holdings in shares of Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after acquiring an additional 185,617 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after acquiring an additional 6,018 shares in the last quarter. Heron Bay Capital Management acquired a new position in shares of Upland Software in the 2nd quarter worth approximately $185,000. Mackenzie Financial Corp boosted its holdings in shares of Upland Software by 74.6% in the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after acquiring an additional 12,898 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Upland Software in the 1st quarter worth approximately $37,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO John T. Mcdonald bought 33,635 shares of Upland Software stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $1.98 per share, with a total value of $66,597.30. Following the purchase, the chief executive officer now owns 297,373 shares in the company, valued at approximately $588,798.54. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.30% of the company’s stock.

Upland Software Trading Down 1.4 %

UPLD opened at $2.13 on Friday. The company has a debt-to-equity ratio of 72.71, a quick ratio of 2.37 and a current ratio of 2.37. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.28. The company has a fifty day simple moving average of $2.34 and a 200 day simple moving average of $2.43.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). The company had revenue of $69.34 million during the quarter, compared to analyst estimates of $67.91 million. Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. During the same period in the previous year, the company posted $0.04 earnings per share. On average, analysts predict that Upland Software, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UPLD. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, August 2nd. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3.75.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.