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

JPMorgan Chase & Co. increased its holdings in eGain Co. (NASDAQ:EGAN - Free Report) by 382.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,688 shares of the technology company's stock after buying an additional 59,207 shares during the quarter. JPMorgan Chase & Co. owned 0.26% of eGain worth $465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Linden Thomas Advisory Services LLC grew its stake in shares of eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company's stock valued at $89,000 after acquiring an additional 2,442 shares during the period. Stoneridge Investment Partners LLC boosted its position in shares of eGain by 23.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company's stock worth $90,000 after purchasing an additional 2,771 shares during the period. Williams & Novak LLC raised its position in shares of eGain by 55.6% during the 4th quarter. Williams & Novak LLC now owns 20,270 shares of the technology company's stock valued at $126,000 after purchasing an additional 7,240 shares during the period. Jane Street Group LLC lifted its stake in shares of eGain by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company's stock valued at $182,000 after buying an additional 5,144 shares in the last quarter. Finally, Legato Capital Management LLC boosted its holdings in eGain by 60.6% in the 4th quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company's stock worth $184,000 after buying an additional 11,155 shares during the period. 53.94% of the stock is owned by hedge funds and other institutional investors.

eGain Stock Performance

NASDAQ:EGAN traded up $0.21 during trading hours on Wednesday, reaching $5.23. The stock had a trading volume of 35,265 shares, compared to its average volume of 78,062. The company has a 50 day moving average price of $4.82 and a two-hundred day moving average price of $5.41. eGain Co. has a 52 week low of $4.34 and a 52 week high of $7.62. The stock has a market capitalization of $147.13 million, a PE ratio of 37.36 and a beta of 0.43.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EGAN. Roth Mkm reaffirmed a "buy" rating and issued a $10.00 price objective (down previously from $12.00) on shares of eGain in a research note on Friday, February 14th. StockNews.com upgraded eGain from a "buy" rating to a "strong-buy" rating in a research note 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.