Voya Investment Management LLC raised its holdings in shares of Actua Corporation (NASDAQ:ACTA) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,084 shares of the software maker’s stock after buying an additional 1,608 shares during the period. Voya Investment Management LLC owned about 0.08% of Actua Corporation worth $338,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Actua Corporation during the first quarter valued at about $112,000. Trexquant Investment LP purchased a new stake in Actua Corporation during the second quarter valued at about $149,000. Bank of America Corp DE boosted its position in Actua Corporation by 14.2% during the first quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock valued at $164,000 after buying an additional 1,455 shares during the period. Aperio Group LLC purchased a new stake in Actua Corporation during the second quarter valued at about $193,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Actua Corporation during the second quarter valued at about $201,000. Institutional investors and hedge funds own 74.57% of the company’s stock.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $15.60, for a total transaction of $26,317.20. Following the completion of the sale, the chief financial officer now directly owns 155,360 shares in the company, valued at $2,423,616. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 5,061 shares of company stock valued at $68,830. 10.20% of the stock is currently owned by company insiders.
Shares of Actua Corporation (ACTA) opened at $15.55 on Monday. Actua Corporation has a 1 year low of $11.85 and a 1 year high of $15.95.
Actua Corporation (NASDAQ:ACTA) last posted its earnings results on Thursday, November 9th. The software maker reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.05). Actua Corporation had a negative return on equity of 5.80% and a net margin of 67.78%. During the same quarter in the previous year, the business earned ($0.04) EPS. equities analysts expect that Actua Corporation will post -0.59 earnings per share for the current year.
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ACTA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine lowered shares of Actua Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. BidaskClub lowered shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Barrington Research lowered shares of Actua Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Actua Corporation currently has a consensus rating of “Hold” and an average price target of $17.00.
Actua Corporation Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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