The Manufacturers Life Insurance Company grew its stake in shares of Five9 Inc (NASDAQ:FIVN) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 180,345 shares of the software maker’s stock after acquiring an additional 9,799 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Five9 were worth $4,487,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of FIVN. Swiss National Bank boosted its holdings in Five9 by 4.1% in the fourth quarter. Swiss National Bank now owns 73,500 shares of the software maker’s stock worth $1,829,000 after purchasing an additional 2,900 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Five9 by 7.0% in the fourth quarter. California Public Employees Retirement System now owns 48,568 shares of the software maker’s stock worth $1,208,000 after purchasing an additional 3,190 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Five9 in the fourth quarter worth $380,000. Aperio Group LLC boosted its holdings in Five9 by 16.6% in the fourth quarter. Aperio Group LLC now owns 40,162 shares of the software maker’s stock worth $999,000 after purchasing an additional 5,707 shares in the last quarter. Finally, Fortaleza Asset Management Inc. bought a new stake in Five9 in the fourth quarter worth $157,000. Institutional investors and hedge funds own 92.66% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. TheStreet upgraded shares of Five9 from a “d” rating to a “c-” rating in a report on Tuesday, November 21st. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 3rd. Roth Capital reiterated a “buy” rating on shares of Five9 in a report on Thursday, February 22nd. KeyCorp reiterated a “buy” rating and issued a $30.00 price objective (up from $29.00) on shares of Five9 in a report on Wednesday, February 21st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $31.00 price objective on shares of Five9 in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Five9 has a consensus rating of “Buy” and an average target price of $26.60.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $55.40 million during the quarter, compared to analyst estimates of $52.31 million. Five9 had a negative net margin of 4.48% and a negative return on equity of 24.94%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. equities analysts expect that Five9 Inc will post -0.15 earnings per share for the current year.
In other Five9 news, CEO Barry Zwarenstein sold 3,713 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $31.13, for a total transaction of $115,585.69. Following the completion of the transaction, the chief executive officer now owns 192,831 shares of the company’s stock, valued at approximately $6,002,829.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $24.36, for a total transaction of $243,600.00. Following the transaction, the president now directly owns 168,291 shares of the company’s stock, valued at approximately $4,099,568.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 659,108 shares of company stock valued at $18,891,563. Company insiders own 9.10% of the company’s stock.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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