Public Employees Retirement System of Ohio Cuts Stake in Five9 Inc (FIVN)

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Public Employees Retirement System of Ohio trimmed its position in Five9 Inc (NASDAQ:FIVN) by 23.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,929 shares of the software maker’s stock after selling 12,166 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Five9 worth $1,380,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Five9 by 11.1% in the second quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock valued at $140,794,000 after acquiring an additional 406,173 shares during the last quarter. Royal Bank of Canada increased its position in shares of Five9 by 20.6% in the first quarter. Royal Bank of Canada now owns 924,924 shares of the software maker’s stock valued at $27,553,000 after acquiring an additional 157,812 shares during the last quarter. Eventide Asset Management LLC increased its position in shares of Five9 by 55.2% in the first quarter. Eventide Asset Management LLC now owns 894,000 shares of the software maker’s stock valued at $26,632,000 after acquiring an additional 318,000 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Five9 by 1.1% in the second quarter. Voya Investment Management LLC now owns 777,910 shares of the software maker’s stock valued at $26,893,000 after acquiring an additional 8,819 shares during the last quarter. Finally, Alkeon Capital Management LLC acquired a new stake in shares of Five9 in the first quarter valued at about $22,938,000. Institutional investors own 96.28% of the company’s stock.

In other news, President Daniel P. Burkland sold 5,584 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $47.36, for a total transaction of $264,458.24. Following the completion of the sale, the president now owns 155,091 shares in the company, valued at $7,345,109.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gaurav Passi sold 1,547 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $35.30, for a total value of $54,609.10. Following the sale, the executive vice president now owns 85,135 shares of the company’s stock, valued at approximately $3,005,265.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,073 shares of company stock worth $4,117,353. Company insiders own 5.10% of the company’s stock.

A number of analysts recently issued reports on FIVN shares. Bank of America lifted their target price on Five9 from $21.00 to $25.00 and gave the company an “underperform” rating in a research report on Tuesday, August 7th. BidaskClub downgraded Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Needham & Company LLC boosted their price target on Five9 from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Northland Securities reissued a “buy” rating and set a $48.00 price target on shares of Five9 in a research report on Tuesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on Five9 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.36.

Shares of NASDAQ FIVN opened at $38.31 on Friday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -225.35 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.96 and a current ratio of 6.96. Five9 Inc has a twelve month low of $22.51 and a twelve month high of $49.50.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $61.12 million for the quarter, compared to the consensus estimate of $56.42 million. Five9 had a negative return on equity of 3.56% and a negative net margin of 1.04%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts anticipate that Five9 Inc will post -0.06 earnings per share for the current fiscal year.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers virtual contact center cloud platform that delivers a suite of applications which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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