Fmr LLC Has $196,000 Stock Position in Upland Software, Inc. (NASDAQ:UPLD)

Fmr LLC lifted its stake in shares of Upland Software, Inc. (NASDAQ:UPLD) by 30.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 78,626 shares of the software maker’s stock after purchasing an additional 18,134 shares during the quarter. Fmr LLC’s holdings in Upland Software were worth $196,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Heartland Consultants Inc. acquired a new position in Upland Software in the 3rd quarter worth about $30,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Upland Software during the third quarter worth about $31,000. Mackenzie Financial Corp increased its stake in shares of Upland Software by 74.6% in the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after buying an additional 12,898 shares during the period. Heron Bay Capital Management acquired a new position in shares of Upland Software in the second quarter valued at approximately $185,000. Finally, Assenagon Asset Management S.A. raised its holdings in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after buying an additional 6,018 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UPLD. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.75.

Upland Software Trading Down 5.5 %

NASDAQ:UPLD opened at $4.33 on Friday. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64. The firm’s fifty day moving average is $3.25 and its 200-day moving average is $2.68. The firm has a market cap of $118.82 million, a P/E ratio of -0.96 and a beta of 1.32. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Upland Software Profile

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.