Bank of New York Mellon Corp cut its stake in shares of inContact Inc. (NASDAQ:SAAS) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 255,606 shares of the company’s stock after selling 9,069 shares during the period. Bank of New York Mellon Corp owned approximately 0.41% of inContact worth $3,541,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in SAAS. AlphaOne Investment Services LLC increased its stake in inContact by 85.1% in the first quarter. AlphaOne Investment Services LLC now owns 28,750 shares of the company’s stock valued at $256,000 after buying an additional 13,220 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in inContact during the first quarter valued at approximately $495,000. Havens Advisors LLC bought a new stake in inContact during the second quarter valued at approximately $1,801,000. Balter Liquid Alternatives LLC increased its stake in inContact by 177.7% in the first quarter. Balter Liquid Alternatives LLC now owns 284,750 shares of the company’s stock valued at $2,531,000 after buying an additional 182,202 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in inContact during the second quarter valued at approximately $2,771,000. 94.06% of the stock is owned by institutional investors.
Shares of inContact Inc. (NASDAQ:SAAS) remained flat at $13.97 during midday trading on Thursday. 184,964 shares of the company’s stock were exchanged. inContact Inc. has a 12-month low of $6.25 and a 12-month high of $13.99. The company’s 50 day moving average is $13.90 and its 200-day moving average is $12.36. The firm’s market cap is $873.61 million.
inContact (NASDAQ:SAAS) last issued its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.15. inContact had a negative return on equity of 12.85% and a negative net margin of 7.86%. The company had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.43 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. inContact’s revenue for the quarter was up 20.2% on a year-over-year basis. Equities research analysts anticipate that inContact Inc. will post ($0.25) earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised inContact from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.75.
inContact, Inc (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two business segments: Software and Network connectivity. inContact’s Software segment includes the services related to the delivery of its cloud contact center software solutions.
Want to see what other hedge funds are holding SAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for inContact Inc. (NASDAQ:SAAS).
Receive News & Ratings for inContact Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for inContact Inc. and related companies with MarketBeat.com's FREE daily email newsletter.