Loomis Sayles & Co. L P Has $24.62 Million Stock Position in Five9, Inc. $FIVN

Loomis Sayles & Co. L P raised its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 74.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 929,899 shares of the software maker’s stock after buying an additional 395,581 shares during the period. Loomis Sayles & Co. L P’s holdings in Five9 were worth $24,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new position in Five9 during the first quarter worth $646,000. Bayforest Capital Ltd bought a new stake in Five9 during the 1st quarter worth about $127,000. Jefferies Financial Group Inc. boosted its stake in shares of Five9 by 59.3% during the 1st quarter. Jefferies Financial Group Inc. now owns 41,099 shares of the software maker’s stock worth $1,116,000 after buying an additional 15,300 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Five9 by 74.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker’s stock worth $182,000 after buying an additional 2,865 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in shares of Five9 by 47.4% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 56,000 shares of the software maker’s stock valued at $1,520,000 after acquiring an additional 18,000 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Performance

FIVN opened at $19.62 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. Five9, Inc. has a 52-week low of $17.71 and a 52-week high of $49.90. The firm has a market cap of $1.53 billion, a P/E ratio of 217.97, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The business’s fifty day moving average is $22.09 and its 200-day moving average is $25.20.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The business had revenue of $283.27 million during the quarter. Sell-side analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Five9 announced that its Board of Directors has authorized a stock repurchase program on Tuesday, November 11th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Five9

In related news, CEO Michael Burkland sold 18,425 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total transaction of $473,891.00. Following the sale, the chief executive officer owned 367,562 shares in the company, valued at approximately $9,453,694.64. This trade represents a 4.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bryan M. Lee sold 1,889 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total transaction of $48,585.08. Following the transaction, the chief financial officer owned 237,488 shares of the company’s stock, valued at approximately $6,108,191.36. This represents a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,738 shares of company stock worth $1,380,677 in the last three months. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the topic of several analyst reports. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Wells Fargo & Company lowered their price target on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a report on Tuesday. Barclays decreased their target price on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley set a $30.00 price target on shares of Five9 in a research report on Tuesday, October 21st. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.19.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a 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.