Bank of New York Mellon Corp Trims Position in eGain Co. (NASDAQ:EGAN)

Bank of New York Mellon Corp decreased its position in eGain Co. (NASDAQ:EGAN) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,198 shares of the technology company’s stock after selling 19,352 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of eGain worth $805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of eGain by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after purchasing an additional 1,613 shares during the period. Linden Thomas Advisory Services LLC raised its position in eGain by 20.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after acquiring an additional 2,442 shares during the period. Stoneridge Investment Partners LLC boosted its stake in shares of eGain by 23.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after acquiring an additional 2,771 shares during the last quarter. Williams & Novak LLC grew its position in shares of eGain by 55.6% during the 4th quarter. Williams & Novak LLC now owns 20,270 shares of the technology company’s stock valued at $126,000 after acquiring an additional 7,240 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after purchasing an additional 5,144 shares in the last quarter. 53.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EGAN has been the subject of several recent research reports. StockNews.com lowered eGain from a “strong-buy” rating to a “buy” rating in a report on Saturday. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of eGain in a research note on Friday, February 14th.

eGain Trading Down 1.4 %

NASDAQ:EGAN opened at $4.90 on Wednesday. The stock has a 50-day moving average price of $5.57 and a 200 day moving average price of $5.47. The stock has a market capitalization of $137.84 million, a P/E ratio of 35.00 and a beta of 0.54. eGain Co. has a 12-month low of $4.68 and a 12-month high of $7.62.

eGain (NASDAQ:EGAN) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. On average, research analysts predict that eGain Co. will post 0.05 earnings per share for the current fiscal year.

eGain Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.