Incontact Inc (SAAS) : Vivaldi Asset Management added new position in Incontact Inc during the most recent quarter end. The investment management firm now holds 280,554 shares of Incontact Inc which is valued at $3,888,478 , the company said in a statement filed on Aug 9, 2016 with the SEC.Incontact Inc makes up approximately 2.07% of Vivaldi Asset Management’s portfolio.
Other Hedge Funds, Including , Paradigm Capital Management Incny reduced its stake in SAAS by selling 23,800 shares or 38.14% in the most recent quarter. The Hedge Fund company now holds 38,600 shares of SAAS which is valued at $534,224. Incontact Inc makes up approx 0.06% of Paradigm Capital Management Incny’s portfolio. Gamco Investors Et Al added SAAS to its portfolio by purchasing 221,950 company shares during the most recent quarter which is valued at $3,065,130. Incontact Inc makes up approx 0.02% of Gamco Investors Et Al’s portfolio.Falcon Point Capital reduced its stake in SAAS by selling 74,108 shares or 40.67% in the most recent quarter. The Hedge Fund company now holds 108,109 shares of SAAS which is valued at $1,497,310. Incontact Inc makes up approx 0.25% of Falcon Point Capital’s portfolio. Pembroke Management Ltd sold out all of its stake in SAAS during the most recent quarter. The investment firm sold 1,500,931 shares of SAAS which is valued $20,727,857. Gradient Investments sold out all of its stake in SAAS during the most recent quarter. The investment firm sold 36,393 shares of SAAS which is valued $504,043.
Incontact Inc opened for trading at $13.8 and hit $13.835 on the upside on Wednesday, eventually ending the session at $13.83, with a gain of 0.22% or 0.03 points. The heightened volatility saw the trading volume jump to 5,60,680 shares. Company has a market cap of $865 M.
On the company’s financial health, Incontact Inc reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.03. The company had revenue of $63.80 million for the quarter, compared to analysts expectations of $62.43 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.
Many Wall Street Analysts have commented on Incontact Inc. Incontact Inc was Downgraded by Craig Hallum to ” Hold” on May 19, 2016. Company shares were Downgraded by Lake Street on May 18, 2016 to ” Hold”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .Shares were Reiterated by The Benchmark Company on May 18, 2016 to “Buy” and Lowered the Price Target to $ 12 from a previous price target of $16 .
inContact Inc. (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing self-service and agent optimization solutions. The Company operates through two segments: Software and Network connectivity. inContacts Software segment includes services related to the delivery of its cloud contact center software solutions. The Companys Network connectivity segment provides voice and data long distance services. The Company offers its products and services to customers in five vertical markets: business process outsourcers (BPOs) retail and direct response healthcare providers utilities and state and local Government. The Company has facilities in the United States Europe the Philippines and Hong Kong. The Companys registered trademarks in the United States and elsewhere include inContact inTouch ECHO inCloud Satisfaction as a Service and Personal Connection.