Osborn Williams & Donohoe LLC Buys New Position in LogMeIn Inc (LOGM)

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Osborn Williams & Donohoe LLC bought a new stake in shares of LogMeIn Inc (NASDAQ:LOGM) in the first quarter, HoldingsChannel.com reports. The firm bought 3,780 shares of the software maker’s stock, valued at approximately $315,000.

Several other large investors also recently modified their holdings of LOGM. Kohlberg Kravis Roberts & Co. L.P. boosted its stake in shares of LogMeIn by 272.7% during the 4th quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 813,676 shares of the software maker’s stock valued at $66,372,000 after buying an additional 595,331 shares during the period. Norges Bank acquired a new stake in shares of LogMeIn during the 4th quarter valued at $37,914,000. Epoch Investment Partners Inc. boosted its stake in shares of LogMeIn by 51.1% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,106,383 shares of the software maker’s stock valued at $90,248,000 after buying an additional 374,020 shares during the period. Park West Asset Management LLC acquired a new stake in shares of LogMeIn during the 4th quarter valued at $29,365,000. Finally, TD Asset Management Inc. acquired a new stake in shares of LogMeIn during the 4th quarter valued at $20,182,000. 97.95% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on LOGM shares. BidaskClub raised shares of LogMeIn from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. KeyCorp reduced their price objective on shares of LogMeIn from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, February 15th. Oppenheimer lowered shares of LogMeIn from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a research note on Friday, February 15th. Needham & Company LLC lowered shares of LogMeIn from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $125.00 price objective on shares of LogMeIn in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $95.50.

In related news, Director Michael K. Simon sold 22,500 shares of LogMeIn stock in a transaction on Monday, March 11th. The shares were sold at an average price of $81.17, for a total value of $1,826,325.00. Following the transaction, the director now owns 547,074 shares in the company, valued at approximately $44,405,996.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

LOGM stock opened at $81.29 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.53 and a quick ratio of 0.63. LogMeIn Inc has a 1 year low of $74.87 and a 1 year high of $118.80. The firm has a market capitalization of $4.05 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02.

LogMeIn (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.27. LogMeIn had a net margin of 2.89% and a return on equity of 7.68%. The business had revenue of $307.70 million during the quarter, compared to analyst estimates of $305.57 million. During the same quarter in the previous year, the business earned $1.21 EPS. LogMeIn’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that LogMeIn Inc will post 3.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be issued a $0.325 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.30 annualized dividend and a yield of 1.60%. LogMeIn’s dividend payout ratio (DPR) is presently 28.57%.

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LogMeIn Company Profile

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Institutional Ownership by Quarter for LogMeIn (NASDAQ:LOGM)

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