New South Capital Management Inc. Decreases Holdings in Upland Software, Inc. (NASDAQ:UPLD)

New South Capital Management Inc. lowered its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Essential Planning LLC. purchased a new stake in Upland Software in the 4th quarter valued at $56,000. Sherbrooke Park Advisers LLC acquired a new position in Upland Software in the fourth quarter valued at $58,000. JPMorgan Chase & Co. purchased a new stake in shares of Upland Software in the fourth quarter valued at about $61,000. Jefferies Financial Group Inc. purchased a new stake in shares of Upland Software in the fourth quarter valued at about $87,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Upland Software during the fourth quarter worth about $87,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Upland Software Stock Performance

Upland Software stock traded down $0.07 during trading hours on Friday, reaching $1.91. 138,904 shares of the stock were exchanged, compared to its average volume of 213,479. The stock has a market cap of $54.26 million, a P/E ratio of -1.09 and a beta of 1.16. The firm's 50 day moving average is $2.13 and its 200 day moving average is $3.06. Upland Software, Inc. has a 52-week low of $1.69 and a 52-week high of $5.64.

Upland Software Company 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.