State Board of Administration of Florida Retirement System raised its stake in shares of inContact Inc. (NASDAQ:SAAS) by 16.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,516 shares of the company’s stock after buying an additional 3,985 shares during the period. State Board of Administration of Florida Retirement System’s holdings in inContact were worth $395,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Frontier Capital Management Co. LLC increased its stake in inContact by 10.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,668,796 shares of the company’s stock worth $23,113,000 after buying an additional 151,616 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in inContact during the second quarter worth $500,000. Longfellow Investment Management Co. LLC purchased a new stake in inContact during the second quarter worth $10,237,000. LMR Partners LLP purchased a new stake in inContact during the second quarter worth $2,771,000. Finally, Kassirer Asset Management Corp purchased a new stake in inContact during the second quarter worth $6,242,000. 94.06% of the stock is owned by institutional investors and hedge funds.
inContact Inc. (NASDAQ:SAAS) traded up 0.43% on Monday, reaching $13.95. The company’s stock had a trading volume of 51,594 shares. inContact Inc. has a 52-week low of $6.63 and a 52-week high of $13.99. The firm’s market cap is $872.36 million. The stock’s 50 day moving average price is $13.93 and its 200 day moving average price is $12.57.
inContact (NASDAQ:SAAS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.15. The firm earned $63.80 million during the quarter, compared to the consensus estimate of $62.43 million. inContact had a negative return on equity of 12.85% and a negative net margin of 7.86%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Equities research analysts expect that inContact Inc. will post ($0.25) earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded inContact from a “hold” rating to a “sell” rating in a report on Tuesday, August 23rd. 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. The company has an average rating of “Hold” and a consensus target price of $12.75.
inContact Company Profile
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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