First Dallas Securities Inc. Has $39,000 Stake in Upland Software, Inc. (NASDAQ:UPLD)

First Dallas Securities Inc. trimmed its holdings in shares of Upland Software, Inc. (NASDAQ:UPLD) by 71.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,500 shares of the software maker’s stock after selling 31,000 shares during the period. First Dallas Securities Inc.’s holdings in Upland Software were worth $39,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Pingora Partners LLC acquired a new stake in Upland Software during the 4th quarter worth $50,000. Oxford Asset Management LLP bought a new position in shares of Upland Software in the 4th quarter worth $52,000. Citigroup Inc. grew its stake in shares of Upland Software by 73,571.8% during the third quarter. Citigroup Inc. now owns 28,732 shares of the software maker’s stock worth $133,000 after purchasing an additional 28,693 shares during the period. Hsbc Holdings PLC increased its holdings in Upland Software by 6.8% in the third quarter. Hsbc Holdings PLC now owns 41,368 shares of the software maker’s stock valued at $192,000 after purchasing an additional 2,638 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in Upland Software by 38.1% in the fourth quarter. NBC Securities Inc. now owns 62,500 shares of the software maker’s stock valued at $264,000 after purchasing an additional 17,250 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPLD has been the subject of several analyst reports. William Blair restated an “outperform” rating on shares of Upland Software in a research report on Friday, May 3rd. Roth Mkm restated a “sell” rating and set a $2.50 price objective (down previously from $3.00) on shares of Upland Software in a report on Tuesday, May 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research note on Friday, May 3rd. StockNews.com cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Finally, Canaccord Genuity Group decreased their price target on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.75.

Upland Software Trading Down 4.2 %

NASDAQ:UPLD opened at $2.49 on Friday. The company has a debt-to-equity ratio of 23.49, a current ratio of 2.34 and a quick ratio of 2.34. The business’s 50-day simple moving average is $2.63 and its 200-day simple moving average is $3.25. Upland Software, Inc. has a fifty-two week low of $1.89 and a fifty-two week high of $5.28. The stock has a market capitalization of $68.70 million, a PE ratio of -0.52 and a beta of 1.13.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, May 2nd. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. The firm had revenue of $70.74 million for the quarter, compared to the consensus estimate of $68.29 million. Upland Software had a negative net margin of 46.64% and a positive return on equity of 13.87%. Sell-side analysts expect that Upland Software, Inc. will post 0.17 earnings per share for the current fiscal year.

About Upland Software

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.