Regis Management Co adds Servicesource International Inc (SREV) to its portfolio

Servicesource International Inc (SREV) : Regis Management Co added new position in Servicesource International Inc during the most recent quarter end. The investment management firm now holds 233,152 shares of Servicesource International Inc which is valued at $1,091,151 , the company said in a statement filed on Aug 3, 2016 with the SEC.Servicesource International Inc makes up approximately 0.21% of Regis Management Co’s portfolio.

Other Hedge Funds, Including , Plante Moran Financial Advisors sold out all of its stake in SREV during the most recent quarter. The investment firm sold 234 shares of SREV which is valued $1,095. Royal London Asset Management Ltd sold out all of its stake in SREV during the most recent quarter. The investment firm sold 318,653 shares of SREV which is valued $1,491,296.California State Teachers Retirement System boosted its stake in SREV in the latest quarter, The investment management firm added 3,197 additional shares and now holds a total of 127,974 shares of Servicesource International Inc which is valued at $598,918.Cutler Group Lp reduced its stake in SREV by selling 600 shares or 23.36% in the most recent quarter. The Hedge Fund company now holds 1,968 shares of SREV which is valued at $8,207.

Servicesource International Inc (SREV) 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 $4.69 and reached the intraday high at $4.92. The bulls started the profit booking and pushed the shares to intraday low of $4.68. The trading session was marked by a volume range of 3,00,517 shares exchanging hands. The 52-week high of the shares is $6 and the 52-week low is $3.35. The market cap of the company stands at $401 M and there are 8,53,76,414 shares in public circulation.

On the company’s financial health, Servicesource International Inc reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.01. The company had revenue of $62.00 million for the quarter, compared to analysts expectations of $60.33 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

ServiceSource International Inc. (ServiceSource) is a recurring revenue growth solutions provider. The Company addresses elements of customer success recurring revenue growth and renewal processes which include on-boarding adoption quoting up-sell cross sell retention and renewals as well as recurring revenue business intelligence for the Revenue Lifecycle. The Company provides managed services and cloud software processes. By integrating managed services cloud software and data the Company provides end-to-end management and optimization of the subscription and service-contract renewal process. The Company’s cloud offerings include: ServiceSource Revenue Analytics Renew OnDemand and the ServiceSource Customer Success application which automate and provide data-driven insights into these manual business processes. The Company operates in two segments: Managed Services and Cloud and Business Intelligence.

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