Notable Reporting: What Will Happen to Servicesource International Inc Next? The Stock Just Reaches 52-Week High

Notable Reporting: What Will Happen to Servicesource International Inc Next? The Stock Just Reaches 52 Week High

The stock of Servicesource International Inc (NASDAQ:SREV) hit a new 52-week high and has $6.42 target or 8.00% above today’s $5.94 share price. The 8 months bullish chart indicates low risk for the $509.45M company. The 1-year high was reported on Nov, 29 by If the $6.42 price target is reached, the company will be worth $40.76M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 77,407 shares traded hands. Servicesource International Inc (NASDAQ:SREV) has risen 40.10% since April 26, 2016 and is uptrending. It has outperformed by 34.84% the S&P500.

Analysts await Servicesource International Inc (NASDAQ:SREV) to report earnings on February, 27.

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 dived, 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.
California Public Employees Retirement System has 0% invested in the company for 262,600 shares. Deutsche Fincl Bank Ag holds 0% or 479,912 shares in its portfolio. Moreover, Primecap Management Ca has 0.06% invested in Servicesource International Inc (NASDAQ:SREV) for 12.90M shares. Citadel Lc accumulated 112,852 shares or 0% of the stock. Wells Fargo Mn, a California-based fund reported 26,009 shares. Teachers Inc has 0% invested in the company for 192,854 shares. Blackrock Advsrs Ltd Liability Corporation has 0% invested in the company for 29,279 shares. Renaissance Technology Ltd Limited Liability Company last reported 1.73 million shares in the company. Voya Invest Limited Liability last reported 0% of its portfolio in the stock. State Common Retirement Fund holds 0% of its portfolio in Servicesource International Inc (NASDAQ:SREV) for 53,800 shares. D E Shaw & Inc accumulated 0% or 554,777 shares. Nationwide Fund Advisors, a Pennsylvania-based fund reported 40,262 shares. Nomura holds 111,080 shares or 0% of its portfolio. Moreover, Blackrock Institutional Co Na has 0% invested in Servicesource International Inc (NASDAQ:SREV) for 1.64M shares. Rgm Cap Limited Liability Co owns 7.38M shares or 3.58% of their US portfolio.

More news for Servicesource International Inc (NASDAQ:SREV) were recently published by:, which released: “ServiceSource International Inc.” on March 25, 2011.‘s article titled: “News ServiceSource International Inc.SREV” and published on March 19, 2011 is yet another important article.

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.

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