Voya Investment Management LLC Increases Holdings in Five9, Inc. (FIVN)

Voya Investment Management LLC boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 70.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,947 shares of the software maker’s stock after acquiring an additional 9,872 shares during the period. Voya Investment Management LLC’s holdings in Five9 were worth $515,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in FIVN. Bank of New York Mellon Corp raised its position in Five9 by 81.3% in the first quarter. Bank of New York Mellon Corp now owns 241,072 shares of the software maker’s stock worth $3,969,000 after acquiring an additional 108,114 shares during the period. American International Group Inc. raised its position in Five9 by 7.1% in the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock worth $335,000 after acquiring an additional 1,349 shares during the period. FMR LLC raised its position in Five9 by 60.0% in the first quarter. FMR LLC now owns 800,000 shares of the software maker’s stock worth $13,168,000 after acquiring an additional 300,000 shares during the period. Teachers Advisors LLC raised its position in Five9 by 9.6% in the first quarter. Teachers Advisors LLC now owns 178,564 shares of the software maker’s stock worth $2,939,000 after acquiring an additional 15,582 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Five9 by 10.1% in the first quarter. TIAA CREF Investment Management LLC now owns 237,889 shares of the software maker’s stock worth $3,916,000 after acquiring an additional 21,849 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Five9, Inc. (NASDAQ:FIVN) opened at $25.22 on Monday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.21.

FIVN has been the topic of several research reports. KeyCorp reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Five9 in a research report on Friday, October 27th. Northland Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Five9 in a research report on Wednesday, October 4th. Canaccord Genuity lifted their price objective on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price objective (up previously from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $23.00.

In other news, EVP Scott Welch sold 3,903 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $20.88, for a total value of $81,494.64. Following the sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,856,363.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 3,020 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $21.01, for a total transaction of $63,450.20. Following the completion of the sale, the chief financial officer now directly owns 126,722 shares in the company, valued at approximately $2,662,429.22. The disclosure for this sale can be found here. In the last three months, insiders sold 91,007 shares of company stock worth $2,000,973. Insiders own 9.10% of the company’s stock.

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About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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