Strs Ohio Sells 2,600 Shares of eGain Co. (NASDAQ:EGAN)

Strs Ohio reduced its position in shares of eGain Co. (NASDAQ:EGAN) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,200 shares of the technology company’s stock after selling 2,600 shares during the period. Strs Ohio’s holdings in eGain were worth $409,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC grew its position in shares of eGain by 117.1% during the 3rd quarter. Barclays PLC now owns 38,507 shares of the technology company’s stock valued at $236,000 after purchasing an additional 20,770 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of eGain during the 3rd quarter valued at $167,000. AE Wealth Management LLC purchased a new position in shares of eGain during the 3rd quarter valued at $189,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in eGain in the third quarter worth $252,000. Finally, Simplex Trading LLC purchased a new position in eGain in the third quarter worth $33,000. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

eGain Stock Up 1.1 %

NASDAQ EGAN opened at $6.25 on Monday. The company has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $6.90. eGain Co. has a 12-month low of $5.50 and a 12-month high of $8.52. The firm has a market cap of $195.02 million, a price-to-earnings ratio of 28.41 and a beta of 0.54.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. eGain had a net margin of 7.33% and a return on equity of 11.01%. The business had revenue of $23.82 million during the quarter, compared to analyst estimates of $23.53 million. Equities analysts expect that eGain Co. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on shares of eGain from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, February 9th.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.