Victory Capital Management Inc. Has $25.65 Million Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Victory Capital Management Inc. increased its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 325,959 shares of the software maker's stock after buying an additional 61,583 shares during the period. Victory Capital Management Inc. owned 0.45% of Five9 worth $25,650,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIVN. Treasurer of the State of North Carolina lifted its stake in Five9 by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker's stock valued at $2,008,000 after buying an additional 160 shares in the last quarter. Arizona State Retirement System raised its stake in Five9 by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 20,266 shares of the software maker's stock valued at $1,303,000 after purchasing an additional 172 shares during the last quarter. Schechter Investment Advisors LLC lifted its holdings in Five9 by 4.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 6,319 shares of the software maker's stock valued at $406,000 after purchasing an additional 273 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker's stock worth $38,000 after purchasing an additional 279 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Five9 by 3.6% during the third quarter. Principal Financial Group Inc. now owns 8,798 shares of the software maker's stock worth $566,000 after buying an additional 304 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Insiders Place Their Bets

In related news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, the chief operating officer now directly owns 129,559 shares in the company, valued at $7,421,139.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.80% of the company's stock.

Five9 Trading Down 1.4 %

FIVN traded down $0.76 during mid-day trading on Thursday, hitting $53.56. 1,724,676 shares of the stock were exchanged, compared to its average volume of 1,320,223. The company has a market cap of $3.96 billion, a PE ratio of -63.91 and a beta of 0.85. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. The firm's fifty day moving average is $59.61 and its two-hundred day moving average is $68.36. Five9, Inc. has a 1-year low of $51.01 and a 1-year high of $92.40.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. The business had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. Equities analysts forecast that Five9, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Five9 from $105.00 to $95.00 and set an "overweight" rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada initiated coverage on Five9 in a report on Friday, March 15th. They issued an "outperform" rating and a $80.00 target price for the company. Morgan Stanley reduced their price target on Five9 from $80.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 17th. UBS Group dropped their price objective on shares of Five9 from $90.00 to $81.00 and set a "buy" rating for the company in a report on Friday, May 3rd. Finally, Canaccord Genuity Group reduced their target price on shares of Five9 from $90.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.88.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.