Mackenzie Financial Corp Takes $646,000 Position in Five9, Inc. (NASDAQ:FIVN)

Mackenzie Financial Corp acquired a new stake in Five9, Inc. (NASDAQ:FIVN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,782 shares of the software maker’s stock, valued at approximately $646,000.

Other hedge funds have also modified their holdings of the company. Banque Transatlantique SA acquired a new stake in shares of Five9 during the fourth quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter valued at approximately $47,000. State of Wyoming lifted its stake in shares of Five9 by 41.6% during the 4th quarter. State of Wyoming now owns 4,717 shares of the software maker’s stock worth $192,000 after purchasing an additional 1,386 shares during the period. Menard Financial Group LLC acquired a new stake in shares of Five9 during the 4th quarter worth $206,000. Finally, Farringdon Capital Ltd. acquired a new position in Five9 during the fourth quarter valued at approximately $210,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIVN has been the subject of a number of analyst reports. DA Davidson raised shares of Five9 to a “hold” rating in a research report on Monday. Wells Fargo & Company decreased their price target on shares of Five9 from $45.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $36.00 price objective on shares of Five9 in a report on Friday, August 1st. Morgan Stanley cut their target price on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Needham & Company LLC cut their price target on Five9 from $52.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average target price of $40.05.

Insider Buying and Selling

In related news, EVP Panos Kozanian sold 3,816 shares of Five9 stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $107,916.48. Following the completion of the sale, the executive vice president owned 123,218 shares of the company’s stock, valued at approximately $3,484,605.04. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 2,938 shares of the business’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total transaction of $81,764.54. Following the completion of the sale, the chief accounting officer directly owned 44,901 shares of the company’s stock, valued at $1,249,594.83. This represents a 6.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,566 shares of company stock worth $931,354. Corporate insiders own 1.60% of the company’s stock.

Five9 Stock Up 0.2%

Shares of FIVN stock opened at $25.92 on Thursday. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. The firm’s fifty day moving average price is $27.33 and its two-hundred day moving average price is $29.82. The firm has a market capitalization of $2.00 billion, a P/E ratio of 288.03, a PEG ratio of 2.25 and a beta of 1.17.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.11. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The firm had revenue of $283.27 million for the quarter, compared to analyst estimates of $275.18 million. During the same period in the previous year, the business earned $0.52 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Five9 Profile

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