Lyon Street Capital LLC boosted its stake in ServiceSource International, Inc. (NASDAQ:SREV) by 552.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 469,622 shares of the technology company’s stock after buying an additional 397,660 shares during the quarter. Lyon Street Capital LLC owned approximately 0.52% of ServiceSource International worth $1,625,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in SREV. OxFORD Asset Management LLP raised its holdings in shares of ServiceSource International by 465.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 230,097 shares of the technology company’s stock valued at $801,000 after purchasing an additional 189,413 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in ServiceSource International by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 599,331 shares of the technology company’s stock valued at $2,074,000 after buying an additional 26,440 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in ServiceSource International in the 3rd quarter valued at $139,000. Bank of New York Mellon Corp grew its stake in ServiceSource International by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 368,446 shares of the technology company’s stock valued at $1,275,000 after buying an additional 16,646 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in ServiceSource International by 11.7% in the 2nd quarter. California State Teachers Retirement System now owns 134,274 shares of the technology company’s stock valued at $521,000 after buying an additional 14,100 shares during the last quarter. Institutional investors own 68.49% of the company’s stock.
In other ServiceSource International news, CEO Christopher Carrington bought 28,429 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $3.50 per share, for a total transaction of $99,501.50. Following the transaction, the chief executive officer now owns 822,473 shares in the company, valued at $2,878,655.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.90% of the stock is currently owned by insiders.
Shares of ServiceSource International, Inc. (NASDAQ SREV) opened at $2.86 on Wednesday. ServiceSource International, Inc. has a 12-month low of $2.61 and a 12-month high of $6.25.
ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings results 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 net margin of 15.89% and a negative return on equity of 1.35%. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $56.55 million. During the same period last year, the business posted $0.02 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. equities research analysts predict that ServiceSource International, Inc. will post -0.02 earnings per share for the current fiscal year.
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ServiceSource International Profile
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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