The stock of Servicesource International Inc (NASDAQ:SREV) is a huge mover today! About 129,648 shares traded hands. Servicesource International Inc (NASDAQ:SREV) has risen 38.24% since April 18, 2016 and is uptrending. It has outperformed by 33.81% the S&P500.
The move comes after 5 months positive chart setup for the $545.44 million company. It was reported on Nov, 18 by Barchart.com. We have $9.92 PT which if reached, will make NASDAQ:SREV worth $365.44 million 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 decreased to 1.25 in 2016 Q2. Its down 0.59, from 1.84 in 2016Q1. The ratio fall, 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.
Deutsche National Bank & Trust Ag last reported 479,912 shares in the company. Bnp Paribas Arbitrage Sa accumulated 2,381 shares or 0% of the stock. The California-based Harvest Cap Strategies Lc has invested 4.27% in Servicesource International Inc (NASDAQ:SREV). Invesco Ltd has 0% invested in the company for 13,224 shares. Blackrock Group Inc Ltd accumulated 73,713 shares or 0% of the stock. Moreover, Altai Capital Mngmt L P has 100% invested in Servicesource International Inc (NASDAQ:SREV) for 6.17 million shares. California State Teachers Retirement System, a California-based fund reported 127,974 shares. Manufacturers Life Communication The holds 47,729 shares or 0% of its portfolio. Teacher Retirement Sys Of Texas, a Texas-based fund reported 8,433 shares. Ladenburg Thalmann Financial Serv Inc last reported 0% of its portfolio in the stock. Tiaa Cref Investment Mngmt Ltd Liability Corporation holds 451,006 shares or 0% of its portfolio. Legal & General Grp Public Ltd Liability Co, a United Kingdom-based fund reported 13,178 shares. Ubs Oconnor Limited Liability last reported 0% of its portfolio in the stock. The New York-based Savings Bank Of Mellon has invested 0% in Servicesource International Inc (NASDAQ:SREV). Moreover, Voya Investment Mgmt Lc has 0% invested in Servicesource International Inc (NASDAQ:SREV) for 29,852 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 1 sale for $69,862 net activity. Another trade for 18,625 shares valued at $69,862 was sold by Campione Richard.
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.