William Blair Equities Analysts Reduce Earnings Estimates for Upland Software Inc (NASDAQ:UPLD)

Upland Software Inc (NASDAQ:UPLD) – William Blair cut their FY2019 earnings per share (EPS) estimates for Upland Software in a report issued on Monday, February 10th. William Blair analyst B. Suri now expects that the software maker will post earnings per share of $1.42 for the year, down from their prior estimate of $1.49. William Blair also issued estimates for Upland Software’s Q1 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.43 EPS, FY2020 earnings at $1.64 EPS, Q1 2021 earnings at $0.38 EPS, Q2 2021 earnings at $0.45 EPS, Q3 2021 earnings at $0.47 EPS, Q4 2021 earnings at $0.50 EPS and FY2021 earnings at $1.81 EPS.

Several other research analysts also recently commented on UPLD. Credit Suisse Group reissued a “buy” rating and set a $48.00 price target on shares of Upland Software in a research note on Thursday. Zacks Investment Research downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. BidaskClub raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Tuesday. ValuEngine raised shares of Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $53.00 price target on shares of Upland Software in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $50.67.

UPLD stock opened at $44.60 on Thursday. The company has a market capitalization of $1.12 billion, a PE ratio of -45.51, a price-to-earnings-growth ratio of 1.16 and a beta of 0.42. Upland Software has a one year low of $32.15 and a one year high of $54.87. The company’s 50 day moving average price is $39.81 and its two-hundred day moving average price is $38.71. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.56 and a current ratio of 1.56.

Several institutional investors have recently modified their holdings of UPLD. CDAM UK Ltd boosted its holdings in Upland Software by 26.2% in the third quarter. CDAM UK Ltd now owns 1,154,511 shares of the software maker’s stock valued at $40,246,000 after acquiring an additional 239,485 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Upland Software by 67.2% during the 4th quarter. Royce & Associates LP now owns 600,815 shares of the software maker’s stock valued at $21,455,000 after buying an additional 241,397 shares in the last quarter. Pembroke Management LTD boosted its holdings in shares of Upland Software by 0.4% during the 3rd quarter. Pembroke Management LTD now owns 558,774 shares of the software maker’s stock valued at $19,479,000 after buying an additional 2,374 shares in the last quarter. State Street Corp boosted its holdings in shares of Upland Software by 9.7% during the 4th quarter. State Street Corp now owns 519,908 shares of the software maker’s stock valued at $18,566,000 after buying an additional 46,054 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Upland Software during the 4th quarter valued at $17,078,000. Hedge funds and other institutional investors own 81.47% of the company’s stock.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Earnings History and Estimates for Upland Software (NASDAQ:UPLD)

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