Segall Bryant & Hamill LLC Increases Stake in Five9, Inc. (NASDAQ:FIVN)

Segall Bryant & Hamill LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 67.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 215,516 shares of the software maker’s stock after purchasing an additional 87,099 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.29% of Five9 worth $8,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC increased its holdings in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after purchasing an additional 259,820 shares during the period. Fisher Asset Management LLC increased its stake in shares of Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after buying an additional 98,543 shares during the period. Potrero Capital Research LLC purchased a new position in shares of Five9 during the third quarter valued at approximately $15,610,000. WCM Investment Management LLC raised its holdings in shares of Five9 by 35.9% during the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock valued at $21,281,000 after acquiring an additional 138,019 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Five9 by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 465,702 shares of the software maker’s stock worth $18,926,000 after acquiring an additional 8,445 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

Shares of FIVN opened at $29.70 on Thursday. The company has a market capitalization of $2.25 billion, a P/E ratio of -148.49, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $63.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a 50 day moving average of $36.85 and a 200 day moving average of $35.77.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. As a group, equities research analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on FIVN. Cantor Fitzgerald upped their price objective on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barclays increased their price target on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Five9 in a research report on Wednesday, March 19th. Rosenblatt Securities restated a “buy” rating and issued a $58.00 target price on shares of Five9 in a research note on Thursday, March 20th. Finally, Piper Sandler upped their price target on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and an average price target of $56.76.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This trade represents a 5.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by insiders.

Five9 Company Profile

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.