Upland Software (NASDAQ:UPLD) Releases Quarterly Earnings Results, Hits Expectations

Upland Software (NASDAQ:UPLD – Get Rating) released its quarterly earnings data on Wednesday. The software maker reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41, MarketWatch Earnings reports. The business had revenue of $78.72 million for the quarter, compared to analyst estimates of $76.77 million. Upland Software had a positive return on equity of 5.80% and a negative net margin of 19.27%. Upland Software’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share.

Shares of UPLD opened at $15.48 on Thursday. Upland Software has a 1 year low of $14.17 and a 1 year high of $47.87. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $481.94 million, a price-to-earnings ratio of -8.06 and a beta of 0.99. The business has a 50-day moving average of $16.70 and a 200-day moving average of $19.73.

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG raised its position in shares of Upland Software by 71.1% during the third quarter. UBS Group AG now owns 1,913 shares of the software maker’s stock worth $64,000 after acquiring an additional 795 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Upland Software by 12.3% during the third quarter. BNP Paribas Arbitrage SA now owns 5,740 shares of the software maker’s stock worth $192,000 after acquiring an additional 627 shares during the last quarter. Millennium Management LLC bought a new position in shares of Upland Software during the third quarter worth about $247,000. Thrivent Financial for Lutherans bought a new position in shares of Upland Software during the fourth quarter worth about $183,000. Finally, Citigroup Inc. raised its position in shares of Upland Software by 8.1% during the fourth quarter. Citigroup Inc. now owns 15,351 shares of the software maker’s stock worth $275,000 after acquiring an additional 1,144 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Several research firms recently weighed in on UPLD. Zacks Investment Research raised Upland Software from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, April 27th. Canaccord Genuity Group reduced their price objective on Upland Software from $30.00 to $24.00 in a research note on Friday, February 25th. Raymond James reduced their price objective on Upland Software from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 11th. StockNews.com began coverage on Upland Software in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Craig Hallum dropped their target price on Upland Software from $32.00 to $22.00 in a research report on Tuesday, January 11th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $27.56.

Upland Software Company Profile (Get Rating)

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

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