UBS Asset Management Americas Inc. bought a new stake in Actua Corporation (NASDAQ:ACTA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 14,299 shares of the software maker’s stock, valued at approximately $201,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Actua Corporation in the 1st quarter valued at about $112,000. Trexquant Investment LP bought a new stake in shares of Actua Corporation in the 2nd quarter valued at about $149,000. Bank of America Corp DE lifted its stake in shares of Actua Corporation by 14.2% in the 1st quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock valued at $164,000 after acquiring an additional 1,455 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Actua Corporation in the 2nd quarter valued at about $193,000. Finally, Strs Ohio bought a new stake in shares of Actua Corporation in the 2nd quarter valued at about $217,000. 74.56% of the stock is owned by institutional investors.
In other Actua Corporation news, CFO Raymond Kirk Morgan sold 1,687 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $15.60, for a total transaction of $26,317.20. Following the transaction, the chief financial officer now owns 155,360 shares in the company, valued at approximately $2,423,616. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 5,061 shares of company stock worth $68,830 in the last quarter. Company insiders own 10.20% of the company’s stock.
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Actua Corporation (NASDAQ ACTA) opened at $15.50 on Monday. Actua Corporation has a twelve month low of $11.85 and a twelve month high of $15.95.
Actua Corporation (NASDAQ:ACTA) last posted its earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The firm had revenue of $31.19 million for the quarter, compared to the consensus estimate of $31.57 million. During the same quarter in the prior year, the business earned ($0.35) EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. research analysts forecast that Actua Corporation will post -0.59 EPS for the current year.
A number of research firms have recently weighed in on ACTA. Zacks Investment Research raised Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Barrington Research lowered Actua Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. BidaskClub upgraded Actua Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Finally, ValuEngine upgraded Actua Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.00.
Actua Corporation Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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