Bank of America Corp DE Increases Stock Position in eGain Co. (NASDAQ:EGAN)

Bank of America Corp DE lifted its position in shares of eGain Co. (NASDAQ:EGAN) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,886 shares of the technology company’s stock after buying an additional 2,525 shares during the period. Bank of America Corp DE owned approximately 0.11% of eGain worth $192,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in eGain by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after acquiring an additional 1,820 shares during the period. Wells Fargo & Company MN lifted its stake in shares of eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after purchasing an additional 2,197 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of eGain by 37.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company’s stock worth $168,000 after purchasing an additional 7,373 shares during the period. Seizert Capital Partners LLC grew its holdings in shares of eGain by 55.9% during the 4th quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company’s stock worth $370,000 after purchasing an additional 21,272 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new stake in eGain during the 4th quarter worth approximately $236,000. 53.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of eGain from a “buy” rating to a “hold” rating in a research report on Saturday.

eGain Trading Down 2.1%

Shares of eGain stock opened at $5.98 on Monday. eGain Co. has a twelve month low of $4.34 and a twelve month high of $7.62. The stock has a market cap of $163.56 million, a price-to-earnings ratio of 42.71 and a beta of 0.37. The company has a fifty day moving average price of $5.21 and a 200 day moving average price of $5.48.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. The company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $21.24 million. Analysts forecast that eGain Co. will post 0.05 earnings per share for the current year.

eGain Profile

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.