Rgm Capital buys $37,028,158 stake in Servicesource International Inc (SREV)

Servicesource International Inc (SREV) : Rgm Capital scooped up 804,480 additional shares in Servicesource International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 7,376,127 shares of Servicesource International Inc which is valued at $37,028,158.Servicesource International Inc makes up approximately 4.25% of Rgm Capital’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md added SREV to its portfolio by purchasing 26,300 company shares during the most recent quarter which is valued at $132,026.Citadel Advisors boosted its stake in SREV in the latest quarter, The investment management firm added 96,669 additional shares and now holds a total of 112,852 shares of Servicesource International Inc which is valued at $566,517.Oxford Asset Management boosted its stake in SREV in the latest quarter, The investment management firm added 74,937 additional shares and now holds a total of 123,267 shares of Servicesource International Inc which is valued at $629,894. Servicesource International Inc makes up approx 0.02% of Oxford Asset Management’s portfolio.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.

Servicesource International Inc opened for trading at $5.04 and hit $5.09 on the upside on Thursday, eventually ending the session at $5.09, with a gain of 0.59% or 0.03 points. The heightened volatility saw the trading volume jump to 1,15,212 shares. Company has a market cap of $437 M.

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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