Texas Permanent School Fund Has $705,000 Stock Holdings in LivePerson, Inc. (NASDAQ:LPSN)

Texas Permanent School Fund lifted its holdings in LivePerson, Inc. (NASDAQ:LPSNGet Rating) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,880 shares of the technology company’s stock after buying an additional 2,052 shares during the period. Texas Permanent School Fund owned about 0.07% of LivePerson worth $705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its position in shares of LivePerson by 107.7% in the second quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 385,650 shares of the technology company’s stock worth $5,453,000 after buying an additional 200,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in LivePerson by 61.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 128,417 shares of the technology company’s stock valued at $3,136,000 after purchasing an additional 48,707 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in LivePerson by 643.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 527,333 shares of the technology company’s stock valued at $12,877,000 after purchasing an additional 456,433 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in LivePerson by 48.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,757 shares of the technology company’s stock valued at $2,680,000 after purchasing an additional 35,827 shares during the last quarter. Finally, Sageworth Trust Co boosted its position in LivePerson by 12,723.5% during the second quarter. Sageworth Trust Co now owns 4,360 shares of the technology company’s stock valued at $62,000 after purchasing an additional 4,326 shares during the last quarter. Institutional investors and hedge funds own 88.41% of the company’s stock.

LivePerson Trading Down 4.7 %

LivePerson stock opened at $10.64 on Monday. The company has a debt-to-equity ratio of 8.23, a quick ratio of 2.22 and a current ratio of 2.22. The business’s 50-day simple moving average is $10.36 and its 200-day simple moving average is $12.97. The firm has a market capitalization of $801.49 million, a PE ratio of -3.43 and a beta of 1.34. LivePerson, Inc. has a 52 week low of $7.96 and a 52 week high of $44.77.

Wall Street Analyst Weigh In

LPSN has been the subject of a number of research reports. B. Riley reduced their price objective on LivePerson from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, October 24th. Credit Suisse Group began coverage on LivePerson in a research report on Friday, September 23rd. They set an “underperform” rating and a $8.00 price objective for the company. StockNews.com cut LivePerson from a “hold” rating to a “sell” rating in a research report on Saturday. Mizuho reduced their price target on LivePerson from $14.00 to $12.00 in a research report on Wednesday, November 16th. Finally, KeyCorp began coverage on LivePerson in a research report on Monday, September 12th. They issued an “overweight” rating and a $16.00 price target for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.92.

LivePerson Company Profile

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LivePerson, Inc, together with its subsidiaries, provides conversational commerce software and Gainshare solutions. It operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

See Also

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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