Emancipation Management Lowers stake in Incontact Inc (SAAS)

Incontact Inc (SAAS) : Emancipation Management reduced its stake in Incontact Inc by 32.98% during the most recent quarter end. The investment management company now holds a total of 202,746 shares of Incontact Inc which is valued at $1.9 Million after selling 99,775 shares in Incontact Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Incontact Inc makes up approximately 2.45% of Emancipation Management’s portfolio.

Other Hedge Funds, Including , First Allied Advisory Services added SAAS to its portfolio by purchasing 11,663 company shares during the most recent quarter which is valued at $111,265. Incontact Inc makes up approx 0.01% of First Allied Advisory Services’s portfolio. Trexquant Investment Lp added SAAS to its portfolio by purchasing 97,273 company shares during the most recent quarter which is valued at $927,984. Incontact Inc makes up approx 0.11% of Trexquant Investment Lp’s portfolio. Royce Associates Lp added SAAS to its portfolio by purchasing 4,200 company shares during the most recent quarter which is valued at $40,068.New York State Common Retirement Fund boosted its stake in SAAS in the latest quarter, The investment management firm added 330,541 additional shares and now holds a total of 386,741 shares of Incontact Inc which is valued at $3.7 Million. Incontact Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio. Quantbot Technologies Lp added SAAS to its portfolio by purchasing 10,756 company shares during the most recent quarter which is valued at $100,138. Incontact Inc makes up approx 0.02% of Quantbot Technologies Lp’s portfolio.

Incontact Inc (SAAS) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.89 and reached the intraday high at $13.89. The bulls started the profit booking and pushed the shares to intraday low of $13.83. The trading session was marked by a volume range of 48,66,636 shares exchanging hands. The 52-week high of the shares is $13.92 and the 52-week low is $6.245. The market cap of the company stands at $858,752 M and there are 61,95,90,00,000 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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