Upland Software Inc (UPLD) Holdings Reduced by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its holdings in shares of Upland Software Inc (NASDAQ:UPLD) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,841 shares of the software maker’s stock after selling 3,782 shares during the period. Dana Investment Advisors Inc. owned 0.30% of Upland Software worth $1,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its stake in shares of Upland Software by 2.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 303,521 shares of the software maker’s stock worth $8,250,000 after buying an additional 7,381 shares during the last quarter. Portolan Capital Management LLC boosted its stake in shares of Upland Software by 127.1% in the 4th quarter. Portolan Capital Management LLC now owns 706,570 shares of the software maker’s stock worth $19,205,000 after buying an additional 395,418 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Upland Software by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 190,129 shares of the software maker’s stock worth $5,167,000 after buying an additional 20,536 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Upland Software by 110.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 247,433 shares of the software maker’s stock worth $6,725,000 after buying an additional 129,622 shares during the last quarter. Finally, Knott David M boosted its stake in shares of Upland Software by 20.0% in the 4th quarter. Knott David M now owns 420,000 shares of the software maker’s stock worth $11,416,000 after buying an additional 70,000 shares during the last quarter. 63.07% of the stock is owned by institutional investors and hedge funds.

Shares of Upland Software stock opened at $41.43 on Friday. Upland Software Inc has a one year low of $25.12 and a one year high of $42.29. The firm has a market capitalization of $895.14 million, a P/E ratio of 35.11, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, March 7th. The software maker reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.19. Upland Software had a positive return on equity of 24.98% and a negative net margin of 6.64%. The company had revenue of $45.18 million for the quarter, compared to analysts’ expectations of $43.17 million. As a group, analysts forecast that Upland Software Inc will post 1.31 earnings per share for the current year.

UPLD has been the topic of a number of research reports. BidaskClub upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Roth Capital raised their target price on Upland Software from $43.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, March 8th. ValuEngine raised Upland Software from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $40.00 target price on shares of Upland Software in a report on Monday, December 17th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $48.00 target price on shares of Upland Software in a report on Friday, March 8th. Nine equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $44.29.

In other Upland Software news, CEO John T. Mcdonald sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief executive officer now directly owns 1,565,947 shares of the company’s stock, valued at $46,978,410. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Timothy Mattox sold 28,196 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.27, for a total value of $1,135,452.92. Following the sale, the chief operating officer now directly owns 509,230 shares in the company, valued at $20,506,692.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,000 shares of company stock worth $2,247,613. 14.70% of the stock is owned by insiders.

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Upland Software Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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