MetLife Investment Advisors LLC Takes $143,000 Position in Servicesource International Inc (SREV)

MetLife Investment Advisors LLC purchased a new stake in shares of Servicesource International Inc (NASDAQ:SREV) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,482 shares of the technology company’s stock, valued at approximately $143,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Millennium Management LLC increased its position in shares of Servicesource International by 21.3% during the fourth quarter. Millennium Management LLC now owns 89,199 shares of the technology company’s stock valued at $276,000 after acquiring an additional 15,648 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Servicesource International by 123.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 34,695 shares of the technology company’s stock valued at $108,000 after acquiring an additional 19,141 shares during the last quarter. BlackRock Inc. increased its position in shares of Servicesource International by 0.8% during the fourth quarter. BlackRock Inc. now owns 4,676,802 shares of the technology company’s stock valued at $14,450,000 after acquiring an additional 35,525 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Servicesource International by 19.9% during the fourth quarter. Two Sigma Advisers LP now owns 233,668 shares of the technology company’s stock valued at $722,000 after acquiring an additional 38,863 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Servicesource International by 17.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 325,970 shares of the technology company’s stock valued at $1,008,000 after acquiring an additional 47,973 shares during the last quarter. 68.27% of the stock is owned by institutional investors.

NASDAQ:SREV opened at $4.01 on Friday. Servicesource International Inc has a 1 year low of $2.61 and a 1 year high of $4.47. The firm has a market capitalization of $361.15 million, a price-to-earnings ratio of 50.13 and a beta of 0.98.

Servicesource International (NASDAQ:SREV) last issued its earnings results on Thursday, May 3rd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Servicesource International had a negative net margin of 12.40% and a positive return on equity of 4.47%. The business had revenue of $58.59 million during the quarter, compared to analysts’ expectations of $54.47 million.

A number of analysts have issued reports on the company. BidaskClub downgraded Servicesource International from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. B. Riley assumed coverage on Servicesource International in a research report on Tuesday, March 27th. They issued a “buy” rating and a $5.00 target price for the company. Zacks Investment Research downgraded Servicesource International from a “hold” rating to a “sell” rating in a research report on Thursday, May 10th. Finally, ValuEngine raised Servicesource International from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Servicesource International presently has an average rating of “Hold” and an average target price of $4.75.

Servicesource International Profile

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.

Institutional Ownership by Quarter for Servicesource International (NASDAQ:SREV)

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