Victory Capital Management Inc. Raises Holdings in Five9, Inc. (NASDAQ:FIVN)

Victory Capital Management Inc. grew its position in shares of Five9, Inc. (NASDAQ:FIVN) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,959 shares of the software maker’s stock after purchasing an additional 61,583 shares during the period. Victory Capital Management Inc.’s holdings in Five9 were worth $25,650,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. grew its position in Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after acquiring an additional 279 shares in the last quarter. Headlands Technologies LLC grew its position in Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares in the last quarter. Intrust Bank NA purchased a new position in Five9 in the fourth quarter worth about $202,000. Orion Portfolio Solutions LLC grew its position in Five9 by 15.7% in the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock worth $214,000 after acquiring an additional 452 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new position in Five9 in the fourth quarter worth about $230,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Five9 stock opened at $54.32 on Thursday. The company has a 50 day moving average price of $59.61 and a 200-day moving average price of $68.36. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. Five9, Inc. has a fifty-two week low of $51.01 and a fifty-two week high of $92.40. The company has a market capitalization of $4.01 billion, a PE ratio of -63.91 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. As a group, equities analysts forecast that Five9, Inc. will post -0.42 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on FIVN shares. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 price target on shares of Five9 in a research report on Friday, May 3rd. Piper Sandler raised their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Wells Fargo & Company decreased their price objective on shares of Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research note on Friday, May 3rd. Finally, Morgan Stanley decreased their price objective on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.