Five9, Inc. $FIVN Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Five9, Inc. by 42.4%, acquiring an additional 121,630 shares, bringing its total ownership to approximately 408,810 shares valued at $11.1 million.
• Institutional investors now hold 96.64% of Five9's stock, with multiple firms, including PNC Financial Services and Banque Transatlantique, recently increasing their investments.
• Five9 reported strong quarterly earnings, exceeding analysts' estimates with $283.27 million in revenue and $0.76 earnings per share, while analysts project a Moderate Buy rating on the stock with an average target price of $37.59.

Raymond James Financial Inc. grew its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 42.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 408,810 shares of the software maker's stock after acquiring an additional 121,630 shares during the period. Raymond James Financial Inc. owned about 0.54% of Five9 worth $11,099,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FIVN. Sylebra Capital LLC boosted its holdings in Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after acquiring an additional 1,396,496 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock worth $97,356,000 after acquiring an additional 1,867,137 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in Five9 by 14.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after buying an additional 266,484 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Five9 by 110.6% in the 4th quarter. Point72 Asset Management L.P. now owns 882,785 shares of the software maker's stock valued at $35,876,000 after purchasing an additional 463,681 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several recent analyst reports. Piper Sandler reduced their price objective on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. DA Davidson raised shares of Five9 to a "hold" rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Five9 from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Canaccord Genuity Group restated a "buy" rating and issued a $40.00 price objective on shares of Five9 in a research note on Friday, August 1st. Finally, KeyCorp began coverage on shares of Five9 in a report on Friday, June 6th. They set an "overweight" rating and a $35.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Five9 currently has an average rating of "Moderate Buy" and an average target price of $37.59.

Five9 Price Performance

FIVN stock traded up $0.21 during mid-day trading on Friday, hitting $26.51. 823,528 shares of the stock were exchanged, compared to its average volume of 1,903,035. The business has a fifty day moving average price of $26.67 and a 200 day moving average price of $27.70. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 294.27, a PEG ratio of 2.50 and a beta of 1.17.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.11. The firm had revenue of $283.27 million for the quarter, compared to the consensus estimate of $275.18 million. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The company's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. On average, sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 7,043 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $25.81, for a total transaction of $181,779.83. Following the transaction, the executive vice president owned 116,175 shares in the company, valued at $2,998,476.75. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 8,443 shares of company stock valued at $218,600 in the last quarter. Insiders own 1.60% of the company's stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.