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

Northern Trust Corp boosted its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 469,856 shares of the software maker's stock after purchasing an additional 69,142 shares during the period. Northern Trust Corp owned approximately 0.62% of Five9 worth $19,095,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in Five9 during the fourth quarter worth approximately $81,280,000. Wellington Management Group LLP increased its position in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after acquiring an additional 601,348 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Five9 by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock worth $53,558,000 after acquiring an additional 105,265 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Five9 in the fourth quarter worth $51,061,000. Finally, WCM Investment Management LLC increased its position in shares of Five9 by 35.9% in the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock worth $21,281,000 after acquiring an additional 138,019 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

FIVN has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research report on Tuesday. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Jefferies Financial Group dropped their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Evercore ISI dropped their price objective on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, UBS Group dropped their price objective on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.58.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction dated Tuesday, March 11th. The shares were 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 $1,424,383. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,574 shares of company stock worth $1,004,346. 1.60% of the stock is currently owned by insiders.

Five9 Stock Up 1.4%

FIVN stock traded up $0.38 during mid-day trading on Friday, hitting $28.05. 1,252,042 shares of the company were exchanged, compared to its average volume of 1,662,957. The company has a market capitalization of $2.14 billion, a PE ratio of -140.24, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $53.91. The firm has a fifty day simple moving average of $26.05 and a 200 day simple moving average of $34.61.

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