Charles Schwab Investment Management Inc. Trims Stock Holdings in eGain Co. (NASDAQ:EGAN)

Charles Schwab Investment Management Inc. reduced its holdings in shares of eGain Co. (NASDAQ:EGAN) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,891 shares of the technology company’s stock after selling 5,939 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.83% of eGain worth $1,482,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EGAN shares. Roth Mkm reissued a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of eGain in a report on Friday, February 14th. StockNews.com cut shares of eGain from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd.

eGain Price Performance

Shares of NASDAQ EGAN opened at $4.94 on Friday. The stock’s 50-day simple moving average is $5.48 and its two-hundred day simple moving average is $5.46. eGain Co. has a twelve month low of $4.68 and a twelve month high of $7.62. The firm has a market capitalization of $138.97 million, a P/E ratio of 35.29 and a beta of 0.54.

eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. As a group, research analysts anticipate that eGain Co. will post 0.05 EPS 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.