The stock of Servicesource International Inc (NASDAQ:SREV) is a huge mover today! About 451,724 shares traded hands or 240.28% up from the average. Servicesource International Inc (NASDAQ:SREV) has risen 20.34% since April 8, 2016 and is uptrending. It has outperformed by 14.69% the S&P500.
The move comes after 7 months positive chart setup for the $471.96 million company. It was reported on Nov, 10 by Barchart.com. We have $15.45 PT which if reached, will make NASDAQ:SREV worth $901.44M more.
According to Zacks Investment Research, “ServiceSource provides a suite of cloud applications for service revenue management. The Company provides end-to-end management and optimization of the service contract renewals process, including data management, quoting, selling and service revenue business intelligence. Its solution is based on the proprietary Service Revenue Intelligence Platform, a data warehouse that incorporates transactional, analytical and industry data gathered from over two million service renewal transactions. The Company’s offering finds its application in all industries. ServiceSource is headquartered in San Francisco, California.”
Insitutional Activity: The institutional sentiment increased to 1.84 in 2016 Q2. Its up 0.78, from 1.06 in 2016Q1. The ratio is positive, as 5 funds sold all Servicesource International Inc shares owned while 20 reduced positions. 11 funds bought stakes while 35 increased positions. They now own 63.99 million shares or 0.83% more from 63.46 million shares in 2016Q1.
Price T Rowe Assocs Md holds 0% or 26,300 shares in its portfolio. Citigroup Incorporated owns 6,712 shares or 0% of their US portfolio. Pinnacle Prtnrs accumulated 0.03% or 34,000 shares. Voya Inv Limited Liability Corporation accumulated 29,852 shares or 0% of the stock. Kennedy Cap Mngmt Incorporated holds 0.06% of its portfolio in Servicesource International Inc (NASDAQ:SREV) for 755,420 shares. Goldman Sachs last reported 18,537 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,067 shares or 0% of the stock. Renaissance Tech Limited Company last reported 1.73 million shares in the company. Altai Cap Management Ltd Partnership has invested 100% of its portfolio in Servicesource International Inc (NASDAQ:SREV). Ubs Asset Mngmt Americas holds 0.01% of its portfolio in Servicesource International Inc (NASDAQ:SREV) for 3.14 million shares. Granite Invest Ltd Limited Liability Company holds 0.23% of its portfolio in Servicesource International Inc (NASDAQ:SREV) for 730,806 shares. Nationwide Fund Advsrs reported 40,262 shares or 0% of all its holdings. Segall Bryant & Hamill Limited Liability owns 2.46M shares or 0.26% of their US portfolio. Teachers Retirement System Of The State Of Kentucky holds 0.04% of its portfolio in Servicesource International Inc (NASDAQ:SREV) for 846,800 shares. Manufacturers Life Ins The holds 0% or 47,729 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 1 insider sale for $69,862 net activity. 18,625 shares with value of $69,862 were sold by Campione Richard on Tuesday, May 31.
More recent Servicesource International Inc (NASDAQ:SREV) news were published by: Marketwatch.com which released: “ServiceSource International Inc.” on March 25, 2011. Also Quotes.Wsj.com published the news titled: “News ServiceSource International Inc.SREV” on March 19, 2011. Businesswire.com‘s news article titled: “GPM Announces Investigation of ServiceSource International, Inc.” with publication date: July 20, 2015 was also an interesting one.
SREV Company Profile
ServiceSource International, Inc. (ServiceSource), incorporated on November 12, 2002, is a well-known provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Firm operates through two divisions: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel. The Company’s cloud software technologies are an integral component to its RLM technology platform and may be managed by ServiceSource or provided directly to the client. The Firm manages approximately 150 engagements across 80 clients.
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