Chicago Capital Management adds Incontact Inc (SAAS) to its portfolio

Incontact Inc (SAAS) : Chicago Capital Management added new position in Incontact Inc during the most recent quarter end. The investment management firm now holds 893,103 shares of Incontact Inc which is valued at $12,369,477 , the company said in a statement filed on Jul 15, 2016 with the SEC.Incontact Inc makes up approximately 4.48% of Chicago Capital Management’s portfolio.

Other Hedge Funds, Including , Punch Associates Investment Management sold out all of its stake in SAAS during the most recent quarter. The investment firm sold 277,080 shares of SAAS which is valued $3,837,558. Havens Advisors added SAAS to its portfolio by purchasing 130,000 company shares during the most recent quarter which is valued at $1,800,500. Incontact Inc makes up approx 1.57% of Havens Advisors’s portfolio.Cutler Group Lp reduced its stake in SAAS by selling 3,198 shares or 85.58% in the most recent quarter. The Hedge Fund company now holds 539 shares of SAAS which is valued at $7,465. Creative Planning added SAAS to its portfolio by purchasing 151 company shares during the most recent quarter which is valued at $2,091. Bnp Paribas Arbitrage Sa added SAAS to its portfolio by purchasing 2,283 company shares during the most recent quarter which is valued at $31,688.

Incontact Inc (SAAS) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.86 and reached the intraday high at $13.87. The bulls started the profit booking and pushed the shares to intraday low of $13.84. The trading session was marked by a volume range of 3,95,810 shares exchanging hands. The 52-week high of the shares is $13.985 and the 52-week low is $6.245. The market cap of the company stands at $861 M and there are 6,21,91,999 shares in public circulation.

On the company’s financial health, Incontact Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $-0.10. The company had revenue of $61.50 million for the quarter, compared to analysts expectations of $58.79 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 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. inContact’s Software segment includes services related to the delivery of its cloud contact center software solutions. The Company’s 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 Company’s registered trademarks in the United States and elsewhere include inContact inTouch ECHO inCloud Satisfaction as a Service and Personal Connection.

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