Polar Capital LLP Raises Position in Five9 Inc (FIVN)

Polar Capital LLP boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 34.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 719,132 shares of the software maker’s stock after acquiring an additional 184,003 shares during the period. Polar Capital LLP owned 1.22% of Five9 worth $31,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lord Abbett & CO. LLC raised its holdings in Five9 by 17.7% in the fourth quarter. Lord Abbett & CO. LLC now owns 2,354,893 shares of the software maker’s stock valued at $102,956,000 after buying an additional 354,363 shares during the period. Geode Capital Management LLC raised its holdings in Five9 by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 653,681 shares of the software maker’s stock valued at $28,578,000 after buying an additional 58,150 shares during the period. California State Teachers Retirement System raised its holdings in Five9 by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 89,846 shares of the software maker’s stock valued at $3,928,000 after buying an additional 2,087 shares during the period. Brown Advisory Inc. raised its holdings in Five9 by 13.6% in the fourth quarter. Brown Advisory Inc. now owns 19,392 shares of the software maker’s stock valued at $847,000 after buying an additional 2,319 shares during the period. Finally, Stifel Financial Corp raised its holdings in Five9 by 47.5% in the fourth quarter. Stifel Financial Corp now owns 391,611 shares of the software maker’s stock valued at $17,121,000 after buying an additional 126,159 shares during the period.

In other news, EVP Scott Welch sold 1,031 shares of the firm’s stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $39.57, for a total transaction of $40,796.67. Following the completion of the sale, the executive vice president now owns 63,830 shares of the company’s stock, valued at $2,525,753.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Daniel P. Burkland sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $40.66, for a total transaction of $609,900.00. Following the sale, the president now directly owns 159,869 shares of the company’s stock, valued at approximately $6,500,273.54. The disclosure for this sale can be found here. Insiders sold 247,189 shares of company stock valued at $12,781,493 in the last ninety days. 5.10% of the stock is owned by corporate insiders.



Shares of NASDAQ:FIVN opened at $54.31 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 6.96 and a quick ratio of 6.96. Five9 Inc has a 52-week low of $26.92 and a 52-week high of $57.90. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 362.07 and a beta of 0.63.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Tuesday, February 19th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. The company had revenue of $72.34 million during the quarter, compared to the consensus estimate of $66.53 million. On average, analysts anticipate that Five9 Inc will post -0.05 EPS for the current fiscal year.

FIVN has been the topic of several research reports. Morgan Stanley set a $58.00 price target on shares of Five9 and gave the company a “buy” rating in a report on Wednesday, February 20th. Needham & Company LLC raised their price target on shares of Five9 to $65.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Craig Hallum cut their price target on shares of Five9 from $64.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, February 20th. Canaccord Genuity raised their price target on shares of Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their price target on shares of Five9 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $51.85.

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Five9 Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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