Mackenzie Financial Corp Has $565,000 Holdings in eGain Co. (NASDAQ:EGAN)

Mackenzie Financial Corp boosted its position in shares of eGain Co. (NASDAQ:EGAN - Free Report) by 263.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,688 shares of the technology company's stock after purchasing an additional 65,708 shares during the period. Mackenzie Financial Corp owned about 0.32% of eGain worth $565,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of eGain by 382.4% in the 4th quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company's stock valued at $465,000 after acquiring an additional 59,207 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of eGain by 37.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company's stock valued at $168,000 after acquiring an additional 7,373 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock valued at $51,000 after acquiring an additional 2,197 shares in the last quarter. Seizert Capital Partners LLC grew its holdings in shares of eGain by 55.9% in the 4th quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company's stock valued at $370,000 after acquiring an additional 21,272 shares in the last quarter. Finally, Legato Capital Management LLC grew its holdings in shares of eGain by 60.6% in the 4th quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company's stock valued at $184,000 after acquiring an additional 11,155 shares in the last quarter. Institutional investors own 53.94% of the company's stock.

eGain Stock Performance

NASDAQ:EGAN traded down $0.15 during mid-day trading on Friday, hitting $5.73. The stock had a trading volume of 62,759 shares, compared to its average volume of 73,544. eGain Co. has a twelve month low of $4.34 and a twelve month high of $7.62. The stock has a market cap of $156.72 million, a price-to-earnings ratio of 40.93 and a beta of 0.37. The company's 50 day simple moving average is $5.07 and its 200 day simple moving average is $5.44.

eGain (NASDAQ:EGAN - Get Free Report) last issued its earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. The business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $21.24 million. As a group, equities analysts forecast that eGain Co. will post 0.05 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on EGAN. Roth Mkm restated a "buy" rating and issued a $10.00 price objective (down previously from $12.00) on shares of eGain in a report on Friday, February 14th. Wall Street Zen upgraded shares of eGain from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

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.