State Street Corp Raises Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

State Street Corp grew its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,634,250 shares of the company’s stock after buying an additional 5,624 shares during the period. State Street Corp’s holdings in LiveRamp were worth $65,277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RAMP. Louisiana State Employees Retirement System boosted its stake in shares of LiveRamp by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after purchasing an additional 500 shares during the period. Arizona State Retirement System boosted its stake in shares of LiveRamp by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after purchasing an additional 523 shares during the period. DT Investment Partners LLC boosted its stake in shares of LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after purchasing an additional 545 shares during the period. Blue Trust Inc. boosted its stake in shares of LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the period. Finally, Quarry LP boosted its stake in shares of LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

NYSE:RAMP opened at $31.90 on Wednesday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The firm has a market cap of $2.08 billion, a P/E ratio of 638.00 and a beta of 0.97. The firm has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $27.85.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. During the same quarter in the previous year, the business posted $0.21 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, research analysts predict that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of recent analyst reports. Wells Fargo & Company began coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target for the company. Macquarie reissued an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Benchmark lowered their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $41.14.

Insider Activity

In related news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

LiveRamp Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.