Teacher Retirement System of Texas Buys Shares of 15,959 Five9, Inc. (NASDAQ:FIVN)

Teacher Retirement System of Texas purchased a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,959 shares of the software maker's stock, valued at approximately $433,000.

A number of other large investors also recently made changes to their positions in the business. Banque Transatlantique SA purchased a new position in shares of Five9 in the 4th quarter worth $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 in the 4th quarter worth $47,000. Conquis Financial LLC purchased a new position in shares of Five9 in the 4th quarter worth $122,000. PNC Financial Services Group Inc. raised its position in shares of Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock worth $156,000 after buying an additional 365 shares during the period. Finally, State of Wyoming raised its position in shares of Five9 by 41.6% in the 4th quarter. State of Wyoming now owns 4,717 shares of the software maker's stock worth $192,000 after buying an additional 1,386 shares during the period. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Stock Up 1.3%

NASDAQ:FIVN traded up $0.35 during mid-day trading on Monday, reaching $27.29. The stock had a trading volume of 1,594,010 shares, compared to its average volume of 1,786,982. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -303.19, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90. The stock's 50 day simple moving average is $27.34 and its two-hundred day simple moving average is $30.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.14. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a positive return on equity of 6.06% and a negative net margin of 0.48%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. Equities analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total value of $342,178.98. Following the completion of the transaction, the chief executive officer directly owned 391,462 shares in the company, valued at $10,636,022.54. The trade was a 3.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 2,938 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total value of $81,764.54. Following the completion of the transaction, the chief accounting officer owned 44,901 shares of the company's stock, valued at approximately $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,866 shares of company stock valued at $913,042. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FIVN shares. Wells Fargo & Company cut their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group cut their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Morgan Stanley cut their target price on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price target on shares of Five9 in a report on Tuesday, May 13th. Finally, Barclays lowered their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.05.

Five9 Profile

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.