Bank of New York Mellon Corp Sells 19,352 Shares of eGain Co. (NASDAQ:EGAN)

Bank of New York Mellon Corp lowered its holdings in shares of eGain Co. (NASDAQ:EGAN) by 13.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 129,198 shares of the technology company’s stock after selling 19,352 shares during the quarter. Bank of New York Mellon Corp’s holdings in eGain were worth $805,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of eGain by 0.8% during the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company’s stock valued at $2,111,000 after purchasing an additional 3,428 shares during the last quarter. Jane Street Group LLC boosted its stake in eGain by 16.8% during the third quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after buying an additional 5,144 shares during the period. Barclays PLC boosted its stake in eGain by 48.5% during the third quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock worth $308,000 after buying an additional 19,772 shares during the period. JPMorgan Chase & Co. increased its position in eGain by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after acquiring an additional 1,613 shares during the last quarter. Finally, Kanen Wealth Management LLC raised its stake in shares of eGain by 6.9% in the fourth quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock valued at $16,571,000 after acquiring an additional 171,451 shares during the period. 53.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com cut shares of eGain from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Roth Mkm reaffirmed a “buy” rating and set a $10.00 target price (down previously from $12.00) on shares of eGain in a research note on Friday, February 14th.

eGain Trading Down 1.4 %

NASDAQ:EGAN opened at $4.90 on Wednesday. The stock has a fifty day simple moving average of $5.57 and a 200-day simple moving average of $5.47. The company has a market cap of $137.84 million, a price-to-earnings ratio of 35.00 and a beta of 0.54. eGain Co. has a twelve month low of $4.68 and a twelve month high of $7.62.

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