Fisher Asset Management LLC Buys 36,317 Shares of Five9, Inc. (NASDAQ:FIVN)

Fisher Asset Management LLC raised its stake in Five9, Inc. (NASDAQ:FIVN) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,987 shares of the software maker’s stock after acquiring an additional 36,317 shares during the period. Fisher Asset Management LLC owned approximately 0.28% of Five9 worth $15,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIVN. Treasurer of the State of North Carolina grew its position in shares of Five9 by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock valued at $2,008,000 after purchasing an additional 160 shares in the last quarter. Arizona State Retirement System grew its holdings in Five9 by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 20,266 shares of the software maker’s stock valued at $1,303,000 after buying an additional 172 shares in the last quarter. Schechter Investment Advisors LLC increased its stake in Five9 by 4.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 6,319 shares of the software maker’s stock worth $406,000 after acquiring an additional 273 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after acquiring an additional 279 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Five9 by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 8,798 shares of the software maker’s stock valued at $566,000 after acquiring an additional 304 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the sale, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. KeyCorp reduced their price target on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Piper Sandler boosted their target price on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. UBS Group lowered their price target on shares of Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada initiated coverage on Five9 in a research report on Friday, March 15th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, Rosenblatt Securities restated a “buy” rating and set a $80.00 price objective on shares of Five9 in a research report on Friday. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Five9 Price Performance

Five9 stock opened at $57.88 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -68.09 and a beta of 0.85. The firm has a 50-day moving average of $59.98 and a two-hundred day moving average of $68.53. Five9, Inc. has a 1 year low of $51.01 and a 1 year high of $92.40.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 9.03% and a negative net margin of 6.56%. The firm had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. On average, research analysts forecast that Five9, Inc. will post -0.42 earnings per share for the current year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.