New South Capital Management Inc. Sells 38,215 Shares of Upland Software, Inc. (NASDAQ:UPLD)

New South Capital Management Inc. cut its stake in Upland Software, Inc. (NASDAQ:UPLD) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,434,822 shares of the software maker’s stock after selling 38,215 shares during the quarter. New South Capital Management Inc. owned approximately 5.20% of Upland Software worth $3,573,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in Upland Software by 4.2% during the second 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 during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Upland Software in the 1st quarter valued at $34,000. Pingora Partners LLC acquired a new position in Upland Software in the 4th quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Upland Software during the 1st quarter worth $37,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Upland Software during the fourth quarter worth $52,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

Analyst Upgrades and Downgrades

UPLD has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research note on Friday, August 2nd. StockNews.com downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Saturday, August 24th. Finally, Roth Capital raised Upland Software from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Insider Transactions at Upland Software

In related news, CEO John T. Mcdonald purchased 33,635 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $1.98 per share, with a total value of $66,597.30. Following the acquisition, the chief executive officer now owns 297,373 shares of the company’s stock, valued at approximately $588,798.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.30% of the company’s stock.

Upland Software Stock Performance

NASDAQ UPLD opened at $2.28 on Friday. Upland Software, Inc. has a 1 year low of $1.79 and a 1 year high of $5.28. The firm has a market capitalization of $62.91 million, a price-to-earnings ratio of -0.48 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71. The firm’s 50 day simple moving average is $2.28 and its 200 day simple moving average is $2.54.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.14). Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. The business had revenue of $69.34 million during the quarter, compared to the consensus estimate of $67.91 million. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, research analysts expect that Upland Software, Inc. will post 0.17 earnings per share for the current fiscal year.

Upland Software Profile

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.