First Washington Corp Lowers stake in Callidus Software (CALD)

Callidus Software (CALD) : First Washington Corp reduced its stake in Callidus Software by 4.13% during the most recent quarter end. The investment management company now holds a total of 412,760 shares of Callidus Software which is valued at $7,078,834 after selling 17,800 shares in Callidus Software , the firm said in a disclosure report filed with the SEC on May 9, 2016.Callidus Software makes up approximately 4.27% of First Washington Corp’s portfolio.

Other Hedge Funds, Including , Ftb Advisors added CALD to its portfolio by purchasing 430 company shares during the most recent quarter which is valued at $7,375. Bluecrest Capital Management Ltd added CALD to its portfolio by purchasing 13,770 company shares during the most recent quarter which is valued at $232,575. Callidus Software makes up approx 0.02% of Bluecrest Capital Management Ltd’s portfolio.Rhumbline Advisers boosted its stake in CALD in the latest quarter, The investment management firm added 610 additional shares and now holds a total of 55,872 shares of Callidus Software which is valued at $943,678. Ifp Advisors Inc added CALD to its portfolio by purchasing 210 company shares during the most recent quarter which is valued at $3,547. Northpointe Capital sold out all of its stake in CALD during the most recent quarter. The investment firm sold 304,536 shares of CALD which is valued $5,573,009.

Callidus Software closed down -0.05 points or -0.29% at $17.15 with 4,54,203 shares getting traded on Friday. Post opening the session at $17.25, the shares hit an intraday low of $17.02 and an intraday high of $17.495 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Callidus Software reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.05. The company had revenue of $48.38 million for the quarter, compared to analysts expectations of $48.30 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Callidus Software. Shares were Reiterated by Dougherty & Company on May 4, 2016 to “Buy” and Lowered the Price Target to $ 23 from a previous price target of $26 .

Callidus Software Inc. is a provider of cloud-based sales marketing learning and customer experience solutions. The Company’s CallidusCloud enables its customers to accelerate their Lead to Money process with a suite of solutions that identify leads implement territory and quota plans enable sales forces automate bid configuration pricing and quoting manage contracts streamline sales compensation and capture customer feedback for competitive advantage. The Company provides a range of services to its customers including professional services business process outsourcing services maintenance and technical support services and education services. Territory and Quota helps customers evaluate their territory quota distribution plans and strategies for meeting corporate sales goals.

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