Segall Bryant & Hamill LLC Acquires Shares of 96,062 LiveRamp Holdings, Inc. $RAMP

Key Points

• Segall Bryant & Hamill LLC bought a new position of 96,062 shares in LiveRamp (about $2.61M) during Q3, contributing to the high institutional ownership level of roughly 93.83%.
• LiveRamp reported a quarterly beat—$0.76 EPS vs. $0.69 expected and $212.2M revenue (up 8.6% YoY)—and its Board approved a $200 million share repurchase program to buy up to 13.6% of shares.

Segall Bryant & Hamill LLC bought a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 96,062 shares of the company's stock, valued at approximately $2,607,000. Segall Bryant & Hamill LLC owned 0.15% of LiveRamp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH grew its position in LiveRamp by 32.3% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company's stock worth $34,887,000 after buying an additional 313,868 shares in the last quarter. Tributary Capital Management LLC raised its holdings in LiveRamp by 134.0% in the 3rd quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company's stock valued at $28,742,000 after acquiring an additional 606,389 shares in the last quarter. Boston Partners lifted its position in shares of LiveRamp by 1.9% during the 2nd quarter. Boston Partners now owns 810,529 shares of the company's stock valued at $26,620,000 after acquiring an additional 15,022 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LiveRamp by 26.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 658,895 shares of the company's stock worth $21,770,000 after purchasing an additional 139,020 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of LiveRamp by 170.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 473,459 shares of the company's stock worth $12,850,000 after purchasing an additional 298,197 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Trading Up 2.2%

RAMP opened at $29.29 on Friday. The company's 50 day moving average is $26.05 and its 200-day moving average is $27.47. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $35.20. The company has a market cap of $1.85 billion, a P/E ratio of 27.63 and a beta of 1.12.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The business had revenue of $212.20 million during the quarter, compared to analysts' expectations of $211.68 million. During the same period in the prior year, the company earned $0.55 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp declared that its Board of Directors has initiated a share repurchase program on Thursday, February 12th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 13.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LiveRamp in a research note on Monday, December 29th. Zacks Research lowered shares of LiveRamp from a "strong-buy" rating to a "hold" rating in a report on Monday, January 12th. Benchmark cut their price target on shares of LiveRamp from $53.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday, February 3rd. Morgan Stanley increased their price target on shares of LiveRamp from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 13th. Finally, Wells Fargo & Company boosted their price objective on shares of LiveRamp from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, LiveRamp presently has an average rating of "Hold" and an average price target of $39.40.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company's core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp's platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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