Integrated Quantitative Investments LLC Acquires New Position in eGain Co. (NASDAQ:EGAN)

Integrated Quantitative Investments LLC purchased a new stake in shares of eGain Co. (NASDAQ:EGAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,869 shares of the technology company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after buying an additional 1,613 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in eGain by 20.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock valued at $89,000 after acquiring an additional 2,442 shares during the last quarter. Stoneridge Investment Partners LLC lifted its holdings in eGain by 23.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock valued at $90,000 after acquiring an additional 2,771 shares during the period. Williams & Novak LLC boosted its position in eGain by 55.6% in the fourth quarter. Williams & Novak LLC now owns 20,270 shares of the technology company’s stock worth $126,000 after purchasing an additional 7,240 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake 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 valued at $168,000 after purchasing an additional 7,373 shares during the period. Institutional investors own 53.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EGAN. StockNews.com downgraded shares of eGain from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 1st. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of eGain in a report on Friday, February 14th.

eGain Price Performance

Shares of NASDAQ EGAN opened at $4.53 on Friday. eGain Co. has a 1 year low of $4.36 and a 1 year high of $7.62. The firm has a fifty day moving average price of $5.30 and a 200-day moving average price of $5.45. The stock has a market cap of $127.43 million, a PE ratio of 32.36 and a beta of 0.54.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. On average, research analysts expect that eGain Co. will post 0.05 EPS for the current year.

eGain Company 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.