Artisan Partners Limited Partnership Has $25.58 Million Stake in Five9, Inc. $FIVN

Artisan Partners Limited Partnership decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 966,087 shares of the software maker’s stock after selling 50,648 shares during the period. Artisan Partners Limited Partnership owned approximately 1.25% of Five9 worth $25,582,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FIVN. P.A.W. Capital Corp acquired a new position in shares of Five9 in the 2nd quarter valued at $2,648,000. Intech Investment Management LLC bought a new position in Five9 during the second quarter worth about $719,000. Geode Capital Management LLC lifted its holdings in Five9 by 36.4% during the second quarter. Geode Capital Management LLC now owns 1,863,081 shares of the software maker’s stock worth $49,341,000 after acquiring an additional 497,344 shares in the last quarter. S Squared Technology LLC acquired a new position in Five9 in the second quarter valued at about $4,899,000. Finally, ProShare Advisors LLC increased its holdings in shares of Five9 by 198.4% in the second quarter. ProShare Advisors LLC now owns 23,080 shares of the software maker’s stock worth $611,000 after acquiring an additional 15,346 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Up 6.5%

FIVN opened at $18.94 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. The company has a market capitalization of $1.48 billion, a P/E ratio of 210.47, a P/E/G ratio of 2.20 and a beta of 1.27. Five9, Inc. has a fifty-two week low of $17.71 and a fifty-two week high of $49.90. The stock has a fifty day moving average of $22.75 and a 200-day moving average of $25.45.

Five9 (NASDAQ:FIVN) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The company had revenue of $283.27 million during the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. On average, equities analysts expect that Five9, Inc. will post 0.28 EPS for the current year.

Five9 declared that its board has authorized a share buyback plan on Tuesday, November 11th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. DA Davidson reissued a “neutral” rating and set a $28.00 price objective on shares of Five9 in a research report on Friday, September 12th. Cantor Fitzgerald dropped their price objective on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of Five9 in a research note on Friday, August 1st. Finally, Barclays lowered their target price on Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.19.

Insiders Place Their Bets

In other news, insider Tiffany N. Meriweather sold 7,861 shares of Five9 stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total value of $202,184.92. Following the completion of the sale, the insider owned 218,978 shares in the company, valued at $5,632,114.16. The trade was a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bryan M. Lee sold 1,889 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $25.72, for a total transaction of $48,585.08. Following the transaction, the chief financial officer owned 237,488 shares in the company, valued at $6,108,191.36. This represents a 0.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,738 shares of company stock valued at $1,380,677 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

About Five9

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.