Five9, Inc. (NASDAQ:FIVN) Stock Holdings Lifted by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 469,856 shares of the software maker's stock after acquiring an additional 69,142 shares during the quarter. Northern Trust Corp owned 0.62% of Five9 worth $19,095,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC increased its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after acquiring an additional 520 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC grew its stake in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares in the last quarter. Finally, Conquis Financial LLC acquired a new position in Five9 in the fourth quarter worth about $122,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FIVN. Needham & Company LLC decreased their price target on Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Evercore ISI decreased their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Barclays decreased their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company decreased their price target on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.58.

Insider Buying and Selling

In related news, EVP Panos Kozanian sold 7,619 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company's stock, valued at $4,220,390.60. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock valued at $1,004,346 over the last quarter. Corporate insiders own 1.60% of the company's stock.

Five9 Stock Performance

Shares of NASDAQ FIVN traded down $0.82 during midday trading on Monday, hitting $27.23. 814,917 shares of the company's stock were exchanged, compared to its average volume of 1,663,203. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $53.90. The firm has a market cap of $2.08 billion, a P/E ratio of -136.14, a PEG ratio of 9.41 and a beta of 1.23. The stock's 50 day moving average price is $26.01 and its 200-day moving average price is $34.66. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million for the quarter, compared to analysts' expectations of $272.26 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Five9 Company 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.