Hamilton Lane Advisors LLC Acquires Shares of 90,739 Servicesource International Inc (SREV)

Hamilton Lane Advisors LLC acquired a new position in shares of Servicesource International Inc (NASDAQ:SREV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 90,739 shares of the technology company’s stock, valued at approximately $98,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its stake in shares of Servicesource International by 12.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 378,287 shares of the technology company’s stock worth $1,491,000 after buying an additional 41,787 shares during the last quarter. Marshall Wace LLP bought a new position in Servicesource International during the third quarter valued at about $1,099,000. Millennium Management LLC boosted its stake in Servicesource International by 76.9% during the second quarter. Millennium Management LLC now owns 2,519,445 shares of the technology company’s stock valued at $9,927,000 after buying an additional 1,094,838 shares in the last quarter. Northern Trust Corp boosted its stake in Servicesource International by 3.7% during the second quarter. Northern Trust Corp now owns 895,825 shares of the technology company’s stock valued at $3,529,000 after buying an additional 31,841 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Servicesource International by 42.6% during the second quarter. Renaissance Technologies LLC now owns 4,374,367 shares of the technology company’s stock valued at $17,235,000 after buying an additional 1,307,221 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

SREV has been the subject of several research reports. B. Riley reaffirmed a “buy” rating and set a $3.00 target price on shares of Servicesource International in a research note on Friday, October 19th. JMP Securities cut Servicesource International from an “outperform” rating to a “market perform” rating in a research note on Friday, October 19th. Zacks Investment Research raised Servicesource International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, ValuEngine raised Servicesource International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $2.00.

SREV stock traded up $0.04 during trading hours on Wednesday, hitting $1.05. 33,554 shares of the stock traded hands, compared to its average volume of 474,778. Servicesource International Inc has a one year low of $0.92 and a one year high of $4.47. The stock has a market capitalization of $92.72 million, a P/E ratio of 12.88 and a beta of 1.86. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 0.32.

Servicesource International (NASDAQ:SREV) last announced its earnings results on Wednesday, November 7th. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Servicesource International had a negative return on equity of 2.70% and a negative net margin of 11.15%. The business had revenue of $57.17 million during the quarter, compared to analysts’ expectations of $56.98 million. On average, sell-side analysts anticipate that Servicesource International Inc will post -0.07 earnings per share for the current year.

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Servicesource International Company Profile

ServiceSource International, Inc engages in the provision of performance-based customer success and revenue growth solutions. It offers inside sales, revenue retention, sales enablement, and channel management. The company was founded by Michael A. Smerklo in November 2002 and is headquartered in Denver, CO.

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Institutional Ownership by Quarter for Servicesource International (NASDAQ:SREV)

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