Credit Suisse AG raised its position in shares of Actua Corporation (NASDAQ:ACTA) by 71.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,794 shares of the software maker’s stock after buying an additional 51,298 shares during the period. Credit Suisse AG’s holdings in Actua Corporation were worth $1,725,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Actua Corporation during the first quarter worth $112,000. Bank of America Corp DE raised its stake in Actua Corporation by 14.2% in the first quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock worth $164,000 after buying an additional 1,455 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Actua Corporation during the first quarter worth $294,000. American International Group Inc. raised its stake in Actua Corporation by 7.1% in the first quarter. American International Group Inc. now owns 22,144 shares of the software maker’s stock worth $311,000 after buying an additional 1,461 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Actua Corporation by 1.0% in the first quarter. Nationwide Fund Advisors now owns 31,620 shares of the software maker’s stock worth $444,000 after buying an additional 316 shares in the last quarter. 73.98% of the stock is owned by institutional investors.
Actua Corporation (NASDAQ ACTA) traded up 0.40% during mid-day trading on Friday, reaching $12.50. 192,410 shares of the company’s stock were exchanged. Actua Corporation has a one year low of $9.42 and a one year high of $15.28. The firm has a market capitalization of $387.02 million, a P/E ratio of 5.27 and a beta of 1.62. The company’s 50-day moving average is $13.63 and its 200 day moving average is $13.93.
Actua Corporation (NASDAQ:ACTA) last issued its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $31.19 million for the quarter, compared to analysts’ expectations of $31.57 million. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.35) EPS. Equities analysts predict that Actua Corporation will post ($0.12) earnings per share for the current fiscal year.
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ACTA has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub lowered shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday.
Actua Corporation Company 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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