Janney Montgomery Scott LLC Sells 4,450 Shares of Digimarc Co. (NASDAQ:DMRC)

Janney Montgomery Scott LLC lessened its holdings in shares of Digimarc Co. (NASDAQ:DMRC) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,989 shares of the information technology services provider’s stock after selling 4,450 shares during the quarter. Janney Montgomery Scott LLC owned about 0.21% of Digimarc worth $1,647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Digimarc in the 3rd quarter worth approximately $106,000. FMR LLC increased its stake in shares of Digimarc by 201.6% in the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after buying an additional 3,331 shares during the period. BNP Paribas Financial Markets raised its holdings in Digimarc by 28.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock valued at $210,000 after buying an additional 1,724 shares during the last quarter. Verition Fund Management LLC bought a new stake in Digimarc during the 3rd quarter valued at $216,000. Finally, JPMorgan Chase & Co. boosted its position in Digimarc by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider’s stock valued at $247,000 after buying an additional 2,695 shares during the period. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Digimarc in a report on Friday, November 15th.

Digimarc Price Performance

Shares of NASDAQ:DMRC opened at $36.34 on Tuesday. Digimarc Co. has a 1 year low of $21.00 and a 1 year high of $48.32. The company has a market cap of $778.40 million, a P/E ratio of -18.64 and a beta of 1.66. The stock’s fifty day moving average price is $38.45 and its 200-day moving average price is $32.74.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.