Stoneridge Investment Partners LLC Boosts Holdings in eGain Co. (NASDAQ:EGAN)

Stoneridge Investment Partners LLC increased its holdings in eGain Co. (NASDAQ:EGAN) by 23.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,409 shares of the technology company’s stock after purchasing an additional 2,771 shares during the period. Stoneridge Investment Partners LLC’s holdings in eGain were worth $90,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Linden Thomas Advisory Services LLC lifted its stake in eGain by 20.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after purchasing an additional 2,442 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of eGain by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after buying an additional 1,613 shares during the period. Gladius Capital Management LP purchased a new position in shares of eGain in the third quarter worth about $84,000. Williams & Novak LLC lifted its stake in shares of eGain by 55.6% in the 4th quarter. Williams & Novak LLC now owns 20,270 shares of the technology company’s stock valued at $126,000 after acquiring an additional 7,240 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in eGain by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock valued at $182,000 after acquiring an additional 5,144 shares during the period. Institutional investors own 53.94% of the company’s stock.

eGain Trading Down 1.9 %

Shares of EGAN opened at $6.31 on Friday. The stock has a market capitalization of $179.96 million, a P/E ratio of 33.21 and a beta of 0.41. eGain Co. has a twelve month low of $4.71 and a twelve month high of $7.70. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $6.13 and a two-hundred day simple moving average of $5.91.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

eGain Company Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.