inContact Inc. (NASDAQ:SAAS) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.40.
Separately, Zacks Investment Research upgraded inContact from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th.
Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in shares of inContact by 9.2% in the second quarter. Teacher Retirement System of Texas now owns 8,240 shares of the company’s stock worth $114,000 after buying an additional 696 shares during the period. Royal Bank of Canada boosted its stake in shares of inContact by 2,498.6% in the second quarter. Royal Bank of Canada now owns 9,173 shares of the company’s stock worth $127,000 after buying an additional 8,820 shares during the period. BTG Pactual Global Asset Management Ltd bought a new stake in shares of inContact during the second quarter worth $139,000. Capital Fund Management S.A. bought a new stake in shares of inContact during the third quarter worth $149,000. Finally, Principal Financial Group Inc. bought a new stake in shares of inContact during the third quarter worth $152,000. Hedge funds and other institutional investors own 93.53% of the company’s stock.
inContact Company Profile
inContact, Inc (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two business segments: Software and Network connectivity. inContact’s Software segment includes the services related to the delivery of its cloud contact center software solutions.