Texas Permanent School Fund Corp Reduces Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Texas Permanent School Fund Corp trimmed its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 14.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 49,537 shares of the company’s stock after selling 8,387 shares during the period. Texas Permanent School Fund Corp’s holdings in LiveRamp were worth $1,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund grew its stake in LiveRamp by 1.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after buying an additional 461 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of LiveRamp by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after purchasing an additional 500 shares during the last quarter. Arizona State Retirement System raised its stake in shares of LiveRamp by 2.9% in the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after purchasing an additional 523 shares during the last quarter. Covestor Ltd raised its stake in shares of LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after purchasing an additional 660 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on RAMP. Benchmark restated a “buy” rating and set a $56.00 price objective on shares of LiveRamp in a research note on Tuesday, August 6th. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Craig Hallum decreased their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Evercore ISI decreased their price objective on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $46.80.

LiveRamp Price Performance

RAMP opened at $26.06 on Friday. The firm has a fifty day moving average price of $26.97 and a 200 day moving average price of $30.55. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The stock has a market cap of $1.75 billion, a P/E ratio of 144.78 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The firm had revenue of $175.96 million during the quarter, compared to analysts’ expectations of $171.92 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. Equities analysts expect that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.39% of the stock is owned by insiders.

LiveRamp Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.