Swiss National Bank cut its position in shares of inContact Inc. (NASDAQ:SAAS) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,700 shares of the company’s stock after selling 2,200 shares during the period. Swiss National Bank owned about 0.17% of inContact worth $1,436,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SAAS. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in inContact during the second quarter worth about $500,000. Longfellow Investment Management Co. LLC purchased a new position in inContact during the second quarter worth about $10,237,000. LMR Partners LLP purchased a new position in inContact during the second quarter worth about $2,771,000. Kassirer Asset Management Corp purchased a new position in inContact during the second quarter worth about $6,242,000. Finally, Bank of Montreal Can purchased a new position in inContact during the second quarter worth about $22,245,000. Institutional investors own 94.06% of the company’s stock.
Shares of inContact Inc. (NASDAQ:SAAS) traded up 0.07% during mid-day trading on Wednesday, hitting $13.98. 61,831 shares of the company were exchanged. inContact Inc. has a 12-month low of $6.25 and a 12-month high of $13.99. The firm’s market capitalization is $874.24 million. The company’s 50-day moving average price is $13.90 and its 200-day moving average price is $12.35.
inContact (NASDAQ:SAAS) last announced its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.15. inContact had a negative net margin of 7.86% and a negative return on equity of 12.85%. The firm had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.43 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The business’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts predict that inContact Inc. will post ($0.25) earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of inContact from a “sell” rating to a “hold” rating in a research note on Wednesday, September 21st. One investment 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’s stock. inContact has an average rating of “Hold” and an average target price 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.
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