Seizert Capital Partners LLC Has $370,000 Stock Position in eGain Co. (NASDAQ:EGAN)

Seizert Capital Partners LLC boosted its stake in shares of eGain Co. (NASDAQ:EGAN) by 55.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 59,340 shares of the technology company’s stock after purchasing an additional 21,272 shares during the quarter. Seizert Capital Partners LLC’s holdings in eGain were worth $370,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Gladius Capital Management LP purchased a new stake in shares of eGain in the third quarter valued at $84,000. State Street Corp raised its position in eGain by 0.8% during the third quarter. State Street Corp now owns 413,850 shares of the technology company’s stock valued at $2,111,000 after buying an additional 3,428 shares during the period. Jane Street Group LLC lifted its stake in eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after acquiring an additional 5,144 shares in the last quarter. Barclays PLC lifted its stake in eGain by 48.5% in the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock worth $308,000 after acquiring an additional 19,772 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after acquiring an additional 1,613 shares during the period. 53.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EGAN shares. StockNews.com lowered shares of eGain from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Roth Mkm reiterated a “buy” rating and issued a $10.00 target price (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Price Performance

Shares of EGAN stock opened at $4.92 on Thursday. eGain Co. has a fifty-two week low of $4.71 and a fifty-two week high of $7.62. The stock’s 50-day moving average is $6.04 and its two-hundred day moving average is $5.70. The firm has a market cap of $138.40 million, a P/E ratio of 35.14 and a beta of 0.41.

eGain (NASDAQ:EGAN) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. As a group, research analysts expect that eGain Co. will post 0.05 EPS for the current year.

eGain Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.