New South Capital Management Inc. Has $3.37 Million Stock Holdings in Upland Software, Inc. (NASDAQ:UPLD)

New South Capital Management Inc. trimmed its stake in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 10.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176,940 shares of the software maker's stock after selling 143,845 shares during the quarter. New South Capital Management Inc. owned approximately 4.13% of Upland Software worth $3,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new stake in shares of Upland Software during the first quarter worth $138,000. Jefferies Financial Group Inc. acquired a new stake in shares of Upland Software during the 4th quarter valued at $87,000. Mackenzie Financial Corp grew its position in Upland Software by 355.8% during the 4th quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker's stock worth $262,000 after acquiring an additional 47,109 shares during the last quarter. Two Sigma Investments LP increased its holdings in Upland Software by 111.1% in the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock worth $1,396,000 after purchasing an additional 169,240 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in Upland Software by 106.8% in the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock valued at $1,764,000 after purchasing an additional 209,900 shares during the last quarter. Institutional investors own 77.78% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Upland Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 7th.

Upland Software Price Performance

Shares of Upland Software stock traded up $0.08 during trading on Wednesday, hitting $1.97. The company's stock had a trading volume of 76,794 shares, compared to its average volume of 212,915. Upland Software, Inc. has a 52 week low of $1.69 and a 52 week high of $5.64. The stock has a market cap of $56.11 million, a price-to-earnings ratio of -1.13 and a beta of 1.16. The stock has a 50-day moving average price of $2.15 and a two-hundred day moving average price of $3.12.

Upland Software Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.