Market Filing: Ibim2 Ltd Just Disclosed New Egain Corp Position

Market Filing: Ibim2 Ltd Just Disclosed New Egain Corp Position

The New Ibim2 Ltd Holding in Egain Corp

Ibim2 Ltd filed with the SEC SC 13G form for Egain Corp. The form can be accessed here: 000114420416135926. As reported in Ibim2 Ltd’s form, the filler as of late owns 5% or 1,359,149 shares of the Information Technology–company.

Egain Corp stake is a new one for the and it was filed because of activity on November 14, 2016. We feel this shows Ibim2 Ltd’s positive view for the stock.

Egain Corp Institutional Sentiment

Latest Security and Exchange filings show 21 investors own Egain Corp. The institutional ownership in Q3 2015 is low, at 36.95% of the outstanding shares. This is increased by 5265546 the total institutional shares. 10013924 were the shares owned by these institutional investors. In total 2 funds opened new Egain Corp stakes, 8 increased stakes. There were 6 that closed positions and 3 reduced them.

Vanguard Group Inc is an institutional investor bullish on Egain Corp, owning 4803077 shares as of Q3 2015 for 0.01% of its portfolio. Chubb Corp owns 21355 shares or less than 0.01% of its portfolio. IL Murphy Michael R have 1.83% of their stock portfolio for 1343391 shares. Further, Nokomis Capital Llc reported stake worth 1.41% of its US stock portfolio. The NJ Oaktop Capital Management Ii Lp owns 2036843 shares. Egain Corp is 1.82% of the manager’s US portfolio.

Business Profile

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies. The Company is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Company offers eGain solution, which is designed for B2C businesses to do business with their customers. The Company offers eGain OpenCEH, which is an engagement hub platform. The eGain suite includes Mobile applications; Social applications; Web applications; Desktop applications; Management applications and analytics; Messaging applications; eGain OpenCEH, and eGain Connectors. It provides analytics capability to various contact centers for intra-day resource measurement and management, managing operational agility, and agent productivity.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.67, from 1.33 in 2016Q1. The ratio increased, as 1 funds sold all eGain Corp shares owned while 5 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 14.53 million shares or 1.79% more from 14.28 million shares in 2016Q1.

Morgan Stanley holds 0% or 400 shares in its portfolio. Manufacturers Life Insurance The has 1,622 shares for 0% of their US portfolio. Fmr Llc has invested 0% of its portfolio in eGain Corp (NASDAQ:EGAN). Blackrock Inv Ltd holds 0% of its portfolio in eGain Corp (NASDAQ:EGAN) for 2,729 shares. The New York-based Tower Rech Limited Liability Company (Trc) has invested 0% in eGain Corp (NASDAQ:EGAN). California Employees Retirement System accumulated 35,800 shares or 0% of the stock. Royal Retail Bank Of Canada has 200 shares for 0% of their US portfolio. Bank & Trust Of Ny Mellon last reported 0% of its portfolio in the stock. Millennium Mngmt Lc accumulated 14,443 shares or 0% of the stock. Nokomis Cap Lc last reported 1.69 million shares in the company. Oaktop Capital Ii Ltd Partnership last reported 1.39% of its portfolio in the stock. Spark Mgmt Limited Liability, a New York-based fund reported 10,000 shares. Vanguard Grp Incorporated has 435,935 shares for 0% of their US portfolio. Fincl Bank Of America Corp De holds 0% of its portfolio in eGain Corp (NASDAQ:EGAN) for 1,427 shares. Murphy Michael R last reported 1.28 million shares in the company.

The stock closed at $2.3 during the last session. It is down 38.99% since April 20, 2016 and is downtrending. It has underperformed by 43.55% the S&P500.

eGain Corporation provides cloud and on-site customer engagement software solutions. The company has a market cap of $62.34 million. The Firm optimizes service processes across the Web, social and phone channels. It currently has negative earnings. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

eGain Corp (NASDAQ:EGAN) Ratings Coverage

Out of 4 analysts covering eGain Comm. (NASDAQ:EGAN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $5 is the highest target while $3.50 is the lowest. The $4.25 average target is 84.78% above today’s ($2.3) stock price. eGain Comm. has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann upgraded eGain Corp (NASDAQ:EGAN) on Friday, September 9 to “Buy” rating. The rating was downgraded by Ladenburg Thalmann on Thursday, November 10 to “Neutral”. The rating was downgraded by Ladenburg Thalmann on Monday, May 9 to “Neutral”. Needham maintained eGain Corp (NASDAQ:EGAN) on Friday, September 11 with “Buy” rating. The firm has “Hold” rating by Craig Hallum given on Tuesday, August 4. The firm has “Hold” rating by Benchmark given on Friday, September 9.

Another recent and important eGain Corp (NASDAQ:EGAN) news was published by Quotes.Wsj.com which published an article titled: “News eGain Corp.EGAN” on February 22, 2011.

According to Zacks Investment Research, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California.”

EGAN Company Profile

eGain Corporation (eGain), incorporated on September 10,1997, provides cloud and on-site customer engagement software solutions. The Firm optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies. The Firm provides analytics capability to various contact centers for intra-day resource measurement and management, managing operational agility, and agent productivity. The Firm is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Firm offers eGain solution, which is designed for B2C businesses to do business with their customers. The Firm has activities in the United States, the United Kingdom and India.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment