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

Fmr LLC raised its position in Upland Software, Inc. (NASDAQ:UPLD) by 30.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,626 shares of the software maker’s stock after acquiring an additional 18,134 shares during the quarter. Fmr LLC owned approximately 0.29% of Upland Software worth $196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software during the 3rd quarter valued at $31,000. First Heartland Consultants Inc. bought a new stake in shares of Upland Software in the third quarter valued at approximately $30,000. Rice Hall James & Associates LLC increased its stake in Upland Software by 115.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock worth $1,467,000 after acquiring an additional 315,651 shares during the period. Mackenzie Financial Corp increased its stake in Upland Software by 74.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after acquiring an additional 12,898 shares during the period. Finally, Heron Bay Capital Management acquired a new position in Upland Software in the 2nd quarter valued at $185,000. Institutional investors own 77.78% of the company’s stock.

Upland Software Trading Down 5.5 %

Shares of UPLD opened at $4.33 on Friday. 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, Inc. has a 52-week low of $1.79 and a 52-week high of $5.64. The firm has a market cap of $118.82 million, a price-to-earnings ratio of -0.96 and a beta of 1.32. The business’s fifty day moving average is $3.25 and its 200-day moving average is $2.68.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

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.