JPMorgan Chase & Co. Boosts Position in eGain Co. (NASDAQ:EGAN)

JPMorgan Chase & Co. raised its stake in shares of eGain Co. (NASDAQ:EGAN - Free Report) by 382.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,688 shares of the technology company's stock after acquiring an additional 59,207 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.26% of eGain worth $465,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EGAN. Kanen Wealth Management LLC increased its holdings in shares of eGain by 6.9% in the fourth quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company's stock worth $16,571,000 after acquiring an additional 171,451 shares in the last quarter. State Street Corp raised its holdings in shares of eGain by 0.8% in the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company's stock valued at $2,111,000 after purchasing an additional 3,428 shares during the period. Barclays PLC increased its holdings in shares of eGain by 48.5% during the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company's stock worth $308,000 after acquiring an additional 19,772 shares during the last quarter. Seizert Capital Partners LLC lifted its stake in shares of eGain by 55.9% during the 4th quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company's stock worth $370,000 after buying an additional 21,272 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of eGain by 16.8% during the third quarter. Jane Street Group LLC now owns 35,753 shares of the technology company's stock worth $182,000 after acquiring an additional 5,144 shares during the period. Institutional investors and hedge funds own 53.94% of the company's stock.

eGain Stock Up 2.7 %

EGAN stock traded up $0.13 during midday trading on Friday, hitting $4.95. The company's stock had a trading volume of 30,041 shares, compared to its average volume of 78,621. The stock's 50-day moving average price is $4.81 and its 200 day moving average price is $5.42. The stock has a market cap of $139.25 million, a price-to-earnings ratio of 35.36 and a beta of 0.43. eGain Co. has a 1 year low of $4.34 and a 1 year high of $7.62.

eGain (NASDAQ:EGAN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. As a group, equities analysts forecast that eGain Co. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

EGAN has been the subject of a number of recent analyst reports. Roth Mkm reiterated a "buy" rating and set a $10.00 target price (down from $12.00) on shares of eGain in a research report on Friday, February 14th. StockNews.com raised eGain from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 9th.

eGain Company Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.