First Trust Advisors LP Increases Stock Position in Qualtrics International Inc. (NASDAQ:XM)

First Trust Advisors LP increased its position in shares of Qualtrics International Inc. (NASDAQ:XM – Get Rating) by 14.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,797,929 shares of the company’s stock after buying an additional 221,260 shares during the period. First Trust Advisors LP owned 0.30% of Qualtrics International worth $18,303,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in XM. Canada Pension Plan Investment Board lifted its holdings in Qualtrics International by 5.7% during the first quarter. Canada Pension Plan Investment Board now owns 14,195 shares of the company’s stock valued at $406,000 after purchasing an additional 765 shares in the last quarter. Truist Financial Corp lifted its holdings in Qualtrics International by 4.2% during the third quarter. Truist Financial Corp now owns 24,748 shares of the company’s stock valued at $252,000 after purchasing an additional 998 shares in the last quarter. Barclays PLC lifted its holdings in Qualtrics International by 8.1% during the third quarter. Barclays PLC now owns 23,177 shares of the company’s stock valued at $235,000 after purchasing an additional 1,730 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Qualtrics International by 45.5% during the first quarter. Advisors Asset Management Inc. now owns 6,220 shares of the company’s stock valued at $178,000 after purchasing an additional 1,946 shares in the last quarter. Finally, FirstPurpose Wealth LLC lifted its holdings in Qualtrics International by 16.5% during the third quarter. FirstPurpose Wealth LLC now owns 14,054 shares of the company’s stock valued at $143,000 after purchasing an additional 1,993 shares in the last quarter. 21.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on XM. Raymond James increased their price objective on shares of Qualtrics International from $14.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, January 27th. JPMorgan Chase & Co. downgraded shares of Qualtrics International from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Thursday. Morgan Stanley decreased their price target on shares of Qualtrics International from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Truist Financial decreased their price target on shares of Qualtrics International from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 24th. Finally, JMP Securities raised their price target on shares of Qualtrics International from $20.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Qualtrics International has a consensus rating of “Moderate Buy” and an average target price of $17.56.

Qualtrics International Stock Performance

Shares of XM stock opened at $17.13 on Friday. The company has a 50 day moving average price of $14.26 and a 200 day moving average price of $11.87. Qualtrics International Inc. has a fifty-two week low of $9.32 and a fifty-two week high of $30.95.

Qualtrics International (NASDAQ:XM – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Qualtrics International had a negative return on equity of 52.36% and a negative net margin of 72.77%. The firm had revenue of $389.09 million during the quarter, compared to analysts’ expectations of $380.99 million. On average, equities analysts predict that Qualtrics International Inc. will post -1.36 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Robert W. Bachman sold 16,700 shares of Qualtrics International stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now owns 539,583 shares in the company, valued at $8,471,453.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Zig Serafin sold 130,628 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $15.97, for a total transaction of $2,086,129.16. Following the completion of the sale, the chief executive officer now owns 11,443,802 shares in the company, valued at approximately $182,757,517.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert W. Bachman sold 16,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the sale, the chief financial officer now owns 539,583 shares of the company’s stock, valued at approximately $8,471,453.10. The disclosure for this sale can be found here. Insiders sold 969,324 shares of company stock worth $15,899,273 over the last 90 days. 2.80% of the stock is owned by insiders.

Qualtrics International Profile

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Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.