Legato Capital Management LLC Raises Holdings in eGain Co. (NASDAQ:EGAN)

Legato Capital Management LLC increased its position in shares of eGain Co. (NASDAQ:EGAN) by 60.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,573 shares of the technology company’s stock after purchasing an additional 11,155 shares during the quarter. Legato Capital Management LLC owned approximately 0.10% of eGain worth $184,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in EGAN. JPMorgan Chase & Co. increased its position in shares of eGain by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after purchasing an additional 1,613 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of eGain during the third quarter worth approximately $84,000. Linden Thomas Advisory Services LLC increased its position in shares of eGain by 20.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after purchasing an additional 2,442 shares in the last quarter. Stoneridge Investment Partners LLC increased its position in shares of eGain by 23.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after purchasing an additional 2,771 shares in the last quarter. Finally, Williams & Novak LLC increased its position in shares of eGain by 55.6% during the fourth quarter. Williams & Novak LLC now owns 20,270 shares of the technology company’s stock worth $126,000 after purchasing an additional 7,240 shares in the last quarter. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EGAN has been the topic of a number of recent research reports. Roth Mkm reissued a “buy” rating and set a $10.00 price objective (down previously from $12.00) on shares of eGain in a research note on Friday. StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

eGain Stock Performance

NASDAQ EGAN opened at $5.13 on Friday. The stock’s fifty day moving average is $6.18 and its two-hundred day moving average is $5.88. The firm has a market capitalization of $146.33 million, a P/E ratio of 27.00 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.79 and a current ratio of 1.79. eGain Co. has a fifty-two week low of $4.71 and a fifty-two week high of $7.62.

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 9.53% and a net margin of 6.45%. On average, research analysts anticipate that eGain Co. will post 0.06 earnings per share for the current year.

About eGain

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.