Wall Street Associates Lowers stake in Xactly Corp (XTLY)

Xactly Corp (XTLY) : Wall Street Associates reduced its stake in Xactly Corp by 37.45% during the most recent quarter end. The investment management company now holds a total of 236,000 shares of Xactly Corp which is valued at $3,171,840 after selling 141,300 shares in Xactly Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Xactly Corp makes up approximately 1.18% of Wall Street Associates’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag added XTLY to its portfolio by purchasing 278,157 company shares during the most recent quarter which is valued at $3,738,430. Xactly Corp makes up approx 0.01% of Allianz Asset Management Ag’s portfolio. Credit Suisse Ag added XTLY to its portfolio by purchasing 29,763 company shares during the most recent quarter which is valued at $400,015. Tower Research Capital (trc) sold out all of its stake in XTLY during the most recent quarter. The investment firm sold 4,614 shares of XTLY which is valued $62,012.Calvert Investment Management reduced its stake in XTLY by selling 155,892 shares or 47.6% in the most recent quarter. The Hedge Fund company now holds 171,609 shares of XTLY which is valued at $2,405,958. Xactly Corp makes up approx 0.12% of Calvert Investment Management’s portfolio.

Xactly Corp opened for trading at $13.26 and hit $14 on the upside on Monday, eventually ending the session at $13.85, with a gain of 5.16% or 0.68 points. The heightened volatility saw the trading volume jump to 3,64,509 shares. Company has a market cap of $417 M.

On the company’s financial health, Xactly Corp reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jun 6, 2016. Analyst had a consensus of $-0.16. The company had revenue of $23.30 million for the quarter, compared to analysts expectations of $22.02 million. The company’s revenue was up 30.9% compared to the same quarter last year.

Many Wall Street Analysts have commented on Xactly Corp. Company shares were Reiterated by Dougherty & Company on May 23, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Needham Resumed Xactly Corp on May 18, 2016 to “Buy”, Price Target of the shares are set at $13.Lake Street Initiated Xactly Corp on May 18, 2016 to “Buy”, Price Target of the shares are set at $12.

Xactly Corporation provides enterprise-class cloud-based incentive compensation solutions for employee and sales performance management. The Company focuses on the incentive compensation and employee and sales performance management market. It offers solutions to incentivize employees and align their behaviors with company goals. Its solutions allow organizations to make decisions optimize behaviors and design incentive compensation plans. It delivers its solutions through a software-as-a-service business model. Its solutions enable executives design manage and analyze incentive programs and provide visibility into employee and incentive program performance. Its solutions enable employees to monitor estimate and track their own and their team’s performance in real-time and modify their behaviors. Its solutions automate various processes such as estimating and calculating commissions and bonuses assigning sales territories forecasting accruals and modeling business outcomes.

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