Falcon Point Capital buys $17,359,249 stake in Callidus Software (CALD)

Callidus Software (CALD) : Falcon Point Capital scooped up 10,326 additional shares in Callidus Software during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 831,780 shares of Callidus Software which is valued at $17,359,249.Callidus Software makes up approximately 2.91% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in CALD by selling 5,500 shares or 34.16% in the most recent quarter. The Hedge Fund company now holds 10,600 shares of CALD which is valued at $221,222. Sigma Planning Corp added CALD to its portfolio by purchasing 19,675 company shares during the most recent quarter which is valued at $397,238. Callidus Software makes up approx 0.05% of Sigma Planning Corp’s portfolio.Mazama Capital Management Inc boosted its stake in CALD in the latest quarter, The investment management firm added 382 additional shares and now holds a total of 1,735 shares of Callidus Software which is valued at $35,290. Callidus Software makes up approx 0.01% of Mazama Capital Management Inc’s portfolio.

Callidus Software closed down -0.41 points or -1.96% at $20.53 with 3,80,413 shares getting traded on Friday. Post opening the session at $20.89, the shares hit an intraday low of $20.07 and an intraday high of $20.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Callidus Software reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.05. The company had revenue of $48.38 million for the quarter, compared to analysts expectations of $48.30 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Callidus Software. Shares were Reiterated by Dougherty & Company on May 4, 2016 to “Buy” and Lowered the Price Target to $ 23 from a previous price target of $26 .

Callidus Software Inc. is a provider of cloud-based sales marketing learning and customer experience solutions. The Company’s CallidusCloud enables its customers to accelerate their Lead to Money process with a suite of solutions that identify leads implement territory and quota plans enable sales forces automate bid configuration pricing and quoting manage contracts streamline sales compensation and capture customer feedback for competitive advantage. The Company provides a range of services to its customers including professional services business process outsourcing services maintenance and technical support services and education services. Territory and Quota helps customers evaluate their territory quota distribution plans and strategies for meeting corporate sales goals.

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