Segall Bryant & Hamill LLC decreased its holdings in ServiceSource (NASDAQ:SREV) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,613,742 shares of the technology company’s stock after selling 630,292 shares during the quarter. Segall Bryant & Hamill LLC owned 2.90% of ServiceSource worth $8,076,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. PEAK6 Investments L.P. acquired a new stake in shares of ServiceSource in the third quarter valued at $105,000. Tower Research Capital LLC TRC lifted its holdings in shares of ServiceSource by 123.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 34,695 shares of the technology company’s stock valued at $108,000 after buying an additional 19,141 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of ServiceSource in the third quarter valued at $139,000. Voya Investment Management LLC lifted its holdings in shares of ServiceSource by 22.7% in the second quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock valued at $142,000 after buying an additional 6,789 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of ServiceSource by 2.0% in the second quarter. Goldman Sachs Group Inc. now owns 40,261 shares of the technology company’s stock valued at $156,000 after buying an additional 794 shares during the period. 67.68% of the stock is owned by institutional investors.
Shares of SREV stock opened at $3.86 on Wednesday. The stock has a market capitalization of $354.47, a PE ratio of 56.00 and a beta of 1.11. ServiceSource has a one year low of $2.61 and a one year high of $4.17.
ServiceSource (NASDAQ:SREV) last announced its quarterly earnings data on Monday, February 12th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. ServiceSource had a positive return on equity of 4.46% and a negative net margin of 12.48%. The firm had revenue of $66.00 million during the quarter, compared to the consensus estimate of $62.49 million. During the same period in the prior year, the business earned $0.02 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. sell-side analysts anticipate that ServiceSource will post 0.1 EPS for the current year.
Several equities research analysts have recently commented on SREV shares. Zacks Investment Research downgraded ServiceSource from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. BidaskClub raised ServiceSource from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, ValuEngine downgraded ServiceSource from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. ServiceSource currently has an average rating of “Hold” and an average price target of $4.63.
ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clients' end-users.
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