Hodges Capital Management Inc. Sells 63,369 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Hodges Capital Management Inc. reduced its position in shares of Upland Software, Inc. (NASDAQ:UPLD) by 59.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,500 shares of the software maker’s stock after selling 63,369 shares during the quarter. Hodges Capital Management Inc. owned about 0.15% of Upland Software worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. First Heartland Consultants Inc. bought a new position in Upland Software during the third quarter worth about $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Upland Software in the 3rd quarter valued at approximately $31,000. XTX Topco Ltd acquired a new stake in Upland Software in the third quarter worth $43,000. Mackenzie Financial Corp boosted its position in shares of Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after purchasing an additional 12,898 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after buying an additional 18,134 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Trading Down 6.7 %

Shares of Upland Software stock opened at $3.92 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software, Inc. has a twelve month low of $1.79 and a twelve month high of $5.64. The company has a 50-day simple moving average of $4.32 and a two-hundred day simple moving average of $3.06.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, November 7th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. Upland Software had a positive return on equity of 50.06% and a negative net margin of 44.92%. The company had revenue of $66.69 million for the quarter, compared to analyst estimates of $67.13 million. During the same period in the prior year, the firm posted $0.22 EPS. Equities research analysts predict that Upland Software, Inc. will post 0.65 EPS for the current 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.