New South Capital Management Inc. Has $5.73 Million Position in Upland Software, Inc. (NASDAQ:UPLD)

New South Capital Management Inc. trimmed its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,320,785 shares of the software maker's stock after selling 113,000 shares during the period. New South Capital Management Inc. owned about 4.81% of Upland Software worth $5,732,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Heartland Consultants Inc. bought a new position in Upland Software in the third quarter valued at about $30,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software in the 3rd quarter valued at about $31,000. XTX Topco Ltd bought a new stake in shares of Upland Software during the third quarter worth approximately $43,000. Legato Capital Management LLC acquired a new position in Upland Software in the fourth quarter valued at approximately $44,000. Finally, WESPAC Advisors LLC bought a new position in Upland Software in the fourth quarter valued at approximately $55,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Upland Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $3.75.

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Upland Software Trading Down 0.7 %

Upland Software stock traded down $0.02 during midday trading on Friday, hitting $2.82. 162,448 shares of the stock were exchanged, compared to its average volume of 213,299. The company has a fifty day simple moving average of $4.06 and a two-hundred day simple moving average of $3.34. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The stock has a market capitalization of $77.38 million, a PE ratio of -0.62 and a beta of 1.40. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64.

Upland Software Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.