California Public Employees Retirement System held its stake in SeaChange International (NASDAQ:SEAC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,200 shares of the software maker’s stock at the end of the second quarter. California Public Employees Retirement System owned 0.34% of SeaChange International worth $322,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SEAC. King Luther Capital Management Corp raised its position in SeaChange International by 14.3% in the 2nd quarter. King Luther Capital Management Corp now owns 80,000 shares of the software maker’s stock worth $213,000 after purchasing an additional 10,000 shares during the period. Northern Trust Corp raised its position in SeaChange International by 5.7% in the 2nd quarter. Northern Trust Corp now owns 87,357 shares of the software maker’s stock worth $232,000 after purchasing an additional 4,702 shares during the period. Eidelman Virant Capital raised its position in SeaChange International by 62.5% in the 2nd quarter. Eidelman Virant Capital now owns 178,422 shares of the software maker’s stock worth $474,000 after purchasing an additional 68,609 shares during the period. Bank of New York Mellon Corp raised its position in SeaChange International by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 211,892 shares of the software maker’s stock worth $526,000 after purchasing an additional 7,068 shares during the period. Finally, Ameriprise Financial Inc. raised its position in SeaChange International by 17.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 460,177 shares of the software maker’s stock worth $1,224,000 after purchasing an additional 69,045 shares during the period. Institutional investors own 71.92% of the company’s stock.
Separately, Zacks Investment Research raised shares of SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Wednesday, September 13th.
Shares of SeaChange International (NASDAQ:SEAC) opened at $2.69 on Monday. SeaChange International has a twelve month low of $2.16 and a twelve month high of $2.99.
SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings results on Wednesday, September 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $17.20 million for the quarter, compared to analyst estimates of $17.94 million. SeaChange International had a negative net margin of 54.54% and a negative return on equity of 15.80%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) EPS. equities analysts predict that SeaChange International will post -0.08 earnings per share for the current fiscal year.
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About SeaChange International
SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.
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