Vanguard Group Inc. Trims Holdings in Five9, Inc. $FIVN

Vanguard Group Inc. reduced its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,538,285 shares of the software maker’s stock after selling 379,452 shares during the period. Vanguard Group Inc. owned 11.19% of Five9 worth $231,814,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FIVN. Banque Transatlantique SA purchased a new position in shares of Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 during the 4th quarter worth about $47,000. Bayforest Capital Ltd purchased a new position in shares of Five9 during the 1st quarter worth about $127,000. PNC Financial Services Group Inc. lifted its holdings in shares of Five9 by 74.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker’s stock worth $182,000 after acquiring an additional 2,865 shares during the period. Finally, State of Wyoming lifted its holdings 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 acquiring an additional 1,386 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Stock Up 1.4%

FIVN stock opened at $26.40 on Tuesday. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.04 billion, a P/E ratio of 293.37, a PEG ratio of 2.45 and a beta of 1.17. The firm has a 50 day simple moving average of $26.90 and a 200-day simple moving average of $28.85.

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

Analyst Ratings Changes

FIVN has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Jefferies Financial Group cut their price target on shares of Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, April 28th. KeyCorp started coverage on shares of Five9 in a report on Friday, June 6th. They issued an “overweight” rating and a $35.00 price target on the stock. Evercore ISI cut their price target on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.59.

Insider Transactions at Five9

In other Five9 news, President Andy Dignan sold 4,845 shares of the firm’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total value of $136,532.10. Following the sale, the president directly owned 227,839 shares in the company, valued at approximately $6,420,503.02. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Leena Mansharamani sold 2,938 shares of the firm’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total value of $81,764.54. Following the completion of the sale, the chief accounting officer owned 44,901 shares in the company, valued at $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,609 shares of company stock valued at $1,113,133 over the last quarter. Insiders own 1.60% of the company’s stock.

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.