State Street Corp Buys 130,675 Shares of ServiceSource International, Inc. (SREV)

State Street Corp raised its stake in shares of ServiceSource International, Inc. (NASDAQ:SREV) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,135,960 shares of the technology company’s stock after purchasing an additional 130,675 shares during the period. State Street Corp owned 1.27% of ServiceSource International worth $4,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of ServiceSource International by 2.0% during the second quarter. Goldman Sachs Group Inc. now owns 40,261 shares of the technology company’s stock valued at $156,000 after buying an additional 794 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of ServiceSource International by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 263,112 shares of the technology company’s stock valued at $1,021,000 after buying an additional 1,615 shares during the last quarter. Bank of Montreal Can grew its stake in shares of ServiceSource International by 2.7% during the second quarter. Bank of Montreal Can now owns 90,934 shares of the technology company’s stock valued at $353,000 after buying an additional 2,370 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of ServiceSource International by 11.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 43,342 shares of the technology company’s stock valued at $168,000 after buying an additional 4,430 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of ServiceSource International by 17.1% during the second quarter. Alliancebernstein L.P. now owns 43,920 shares of the technology company’s stock valued at $170,000 after buying an additional 6,400 shares during the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.

ServiceSource International, Inc. (SREV) opened at $2.82 on Thursday. ServiceSource International, Inc. has a 52 week low of $2.61 and a 52 week high of $6.25.

ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. ServiceSource International had a negative return on equity of 1.35% and a negative net margin of 15.89%. The company had revenue of $58.10 million for the quarter, compared to analysts’ expectations of $56.55 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. ServiceSource International’s revenue was down 7.0% compared to the same quarter last year. equities analysts expect that ServiceSource International, Inc. will post -0.02 EPS for the current year.

A number of research analysts have recently commented on the company. BidaskClub cut ServiceSource International from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Northland Securities reaffirmed a “hold” rating and set a $5.25 target price on shares of ServiceSource International in a research note on Friday, October 6th. Finally, Zacks Investment Research cut ServiceSource International from a “buy” rating to a “hold” rating in a research note on Friday, October 20th.

In other news, CEO Christopher Carrington acquired 33,900 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of $2.95 per share, with a total value of $100,005.00. Following the completion of the purchase, the chief executive officer now directly owns 853,202 shares in the company, valued at $2,516,945.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.30% of the stock is owned by corporate insiders.

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About ServiceSource International

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

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Institutional Ownership by Quarter for ServiceSource International (NASDAQ:SREV)

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