Actua Corporation (NASDAQ:ACTA) announced its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01, Morningstar.com reports. The firm had revenue of $31.19 million for the quarter, compared to the consensus estimate of $31.57 million. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) earnings per share.
Actua Corporation (NASDAQ ACTA) traded down 0.39% during midday trading on Friday, hitting $12.65. 108,035 shares of the stock were exchanged. The company’s 50 day moving average is $13.45 and its 200 day moving average is $13.88. The company has a market capitalization of $391.67 million, a P/E ratio of 5.34 and a beta of 1.62. Actua Corporation has a 1-year low of $9.42 and a 1-year high of $15.28.
ACTA has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Actua Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub downgraded shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th.
Several hedge funds and other institutional investors have recently bought and sold shares of ACTA. Renaissance Technologies LLC boosted its position in Actua Corporation by 99.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after buying an additional 661,800 shares during the period. Dimensional Fund Advisors LP boosted its position in Actua Corporation by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,669,742 shares of the software maker’s stock valued at $37,510,000 after buying an additional 159,629 shares during the period. OxFORD Asset Management LLP bought a new position in Actua Corporation during the second quarter valued at $1,375,000. State Street Corp boosted its position in Actua Corporation by 14.0% in the second quarter. State Street Corp now owns 683,241 shares of the software maker’s stock valued at $9,597,000 after buying an additional 83,956 shares during the period. Finally, Citadel Advisors LLC boosted its position in Actua Corporation by 101.6% in the second quarter. Citadel Advisors LLC now owns 106,109 shares of the software maker’s stock valued at $1,491,000 after buying an additional 53,480 shares during the period. Institutional investors own 73.65% of the company’s stock.
About Actua Corporation
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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