Zacks Investment Research Lowers Mattersight Corporation (MATR) to Hold

Zacks Investment Research lowered shares of Mattersight Corporation (NASDAQ:MATR) from a buy rating to a hold rating in a report published on Wednesday, July 12th.

According to Zacks, “Mattersight Corporation, formerly known as eLoyalty Corporation, operates as an enterprise analytics service provider. The Company’s Behavioral Analytics service captures, analyzes, and creates insight from unstructured conversations, emails, employee desktop activity, and customer data. Services offered by the Company is applicable in improving call center performance, increase customer satisfaction and customer retention, reduce fraud, and streamline back office operations. Mattersight Corporation is based in Lake Forest, Illinois. “

Shares of Mattersight Corporation (MATR) traded up 5.45% during trading on Wednesday, hitting $2.90. The stock had a trading volume of 256,924 shares. Mattersight Corporation has a 12 month low of $2.35 and a 12 month high of $4.65. The stock’s market cap is $94.79 million. The company’s 50 day moving average price is $2.56 and its 200 day moving average price is $3.21.

Mattersight Corporation (NASDAQ:MATR) last released its quarterly earnings results on Tuesday, May 9th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.02. The company had revenue of $10.96 million during the quarter. Equities research analysts expect that Mattersight Corporation will post ($0.54) earnings per share for the current fiscal year.

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In related news, major shareholder Hill Ventures Sutter acquired 203,543 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was bought at an average cost of $3.65 per share, with a total value of $742,931.95. Following the transaction, the insider now owns 852,651 shares of the company’s stock, valued at $3,112,176.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Feinberg acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were bought at an average cost of $2.48 per share, with a total value of $124,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 498,796 shares of company stock worth $1,740,705 in the last 90 days. 30.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the company. Ironwood Investment Management LLC boosted its stake in Mattersight Corporation by 2.6% in the first quarter. Ironwood Investment Management LLC now owns 125,047 shares of the software maker’s stock valued at $438,000 after buying an additional 3,160 shares in the last quarter. Boston Partners boosted its stake in Mattersight Corporation by 4.9% in the first quarter. Boston Partners now owns 750,500 shares of the software maker’s stock valued at $2,627,000 after buying an additional 34,852 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Mattersight Corporation by 16.7% in the first quarter. Russell Investments Group Ltd. now owns 338,000 shares of the software maker’s stock valued at $1,183,000 after buying an additional 48,252 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

About Mattersight Corporation

Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.

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