Zacks Investment Research Lowers Jive Software Inc (JIVE) to Hold

Zacks Investment Research lowered shares of Jive Software Inc (NASDAQ:JIVE) from a buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “Jive Software Inc. provides social business software products and services. Its Social Business platform combines the power of big data, enterprise integrations and social collaboration technologies. The Company’s Social Business software combines the power of community software, collaboration software, social networking software and social media monitoring offerings into an integrated platform. Jive Software, Inc. is headquartered in Palo Alto, California. “

Separately, B. Riley started coverage on shares of Jive Software in a research report on Tuesday. They issued a buy rating and a $6.00 price objective on the stock.

Shares of Jive Software (NASDAQ:JIVE) opened at 4.45 on Tuesday. Jive Software has a 52-week low of $3.50 and a 52-week high of $4.59. The company’s 50 day moving average is $4.36 and its 200 day moving average is $4.16. The firm’s market cap is $352.32 million.

Jive Software (NASDAQ:JIVE) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $51.70 million for the quarter, compared to analyst estimates of $50 million. Jive Software had a negative net margin of 6.84% and a negative return on equity of 12.56%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Analysts anticipate that Jive Software will post $0.11 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in JIVE. Menta Capital LLC raised its stake in Jive Software by 27.2% in the fourth quarter. Menta Capital LLC now owns 408,421 shares of the company’s stock valued at $1,777,000 after buying an additional 87,352 shares during the period. Francisco Partners Management LP acquired a new stake in Jive Software during the fourth quarter valued at about $25,280,000. Two Sigma Investments LP raised its stake in Jive Software by 269.3% in the fourth quarter. Two Sigma Investments LP now owns 104,036 shares of the company’s stock valued at $453,000 after buying an additional 75,868 shares during the period. Pier 88 Investment Partners LLC acquired a new stake in Jive Software during the fourth quarter valued at about $562,000. Finally, Alambic Investment Management L.P. raised its stake in Jive Software by 33.2% in the third quarter. Alambic Investment Management L.P. now owns 189,141 shares of the company’s stock valued at $806,000 after buying an additional 47,193 shares during the period. 58.84% of the stock is currently owned by institutional investors and hedge funds.

Jive Software Company Profile

Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub.

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