Shares of Windstream Holdings Inc (NASDAQ:WIN) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.17.

Several equities analysts have issued reports on WIN shares. ValuEngine raised Windstream from a “hold” rating to a “buy” rating in a report on Friday, June 8th. Morgan Stanley dropped their price objective on Windstream from $2.40 to $2.00 and set an “equal weight” rating on the stock in a report on Monday, March 19th. Zacks Investment Research raised Windstream from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Deutsche Bank raised their price objective on Windstream from $2.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 30th. Finally, Guggenheim started coverage on Windstream in a report on Tuesday, March 13th. They set a “sell” rating and a $1.35 price objective on the stock.

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In related news, Director Michael G. Stoltz sold 29,734 shares of the firm’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $1.58, for a total transaction of $46,979.72. Following the transaction, the director now owns 136,212 shares of the company’s stock, valued at $215,214.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.22% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in shares of Windstream by 2,071.1% during the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock worth $197,000 after buying an additional 102,003 shares during the last quarter. Aperio Group LLC boosted its holdings in Windstream by 126.9% in the 4th quarter. Aperio Group LLC now owns 155,688 shares of the technology company’s stock valued at $288,000 after purchasing an additional 87,066 shares in the last quarter. Royce & Associates LP boosted its holdings in Windstream by 17.7% in the 4th quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock valued at $5,110,000 after purchasing an additional 415,663 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Windstream by 38.0% in the 4th quarter. California Public Employees Retirement System now owns 2,322,351 shares of the technology company’s stock valued at $4,296,000 after purchasing an additional 639,627 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Windstream by 300.4% in the 4th quarter. Teacher Retirement System of Texas now owns 60,764 shares of the technology company’s stock valued at $112,000 after purchasing an additional 45,589 shares in the last quarter.

Shares of Windstream traded up $0.10, hitting $6.42, during mid-day trading on Friday, Marketbeat.com reports. 1,257,874 shares of the stock were exchanged, compared to its average volume of 612,025. The firm has a market cap of $251.22 million, a price-to-earnings ratio of -0.79 and a beta of 0.07. Windstream has a 12-month low of $5.36 and a 12-month high of $23.15. The company has a debt-to-equity ratio of -7.87, a quick ratio of 0.66 and a current ratio of 0.73.

Windstream (NASDAQ:WIN) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.06). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Windstream had a negative return on equity of 191.89% and a negative net margin of 35.79%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.89) EPS. research analysts predict that Windstream will post -11.55 EPS for the current year.

Windstream Company Profile

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.

News stories about GrafTech International (NYSE:GTI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GrafTech International earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the industrial goods maker an impact score of 45.2899589644196 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

GrafTech International remained flat at $$5.05 during mid-day trading on Friday, Marketbeat.com reports.

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Separately, BMO Capital Markets started coverage on shares of GrafTech International in a research note on Monday, May 14th. They issued an “outperform” rating for the company.

About GrafTech International

GrafTech International Ltd. (GTI) is a manufacturer of graphite electrodes, products essential to the production of electric arc furnace (EAF) steel and other ferrous and nonferrous metals. The Company produces needle coke products, which are the primary raw material needed in the manufacture of graphite electrodes.

RingCentral Inc (NYSE:RNG) COO David Sipes sold 9,300 shares of RingCentral stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $77.71, for a total transaction of $722,703.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

David Sipes also recently made the following trade(s):

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On Wednesday, May 23rd, David Sipes sold 15,300 shares of RingCentral stock. The stock was sold at an average price of $72.44, for a total transaction of $1,108,332.00. On Wednesday, April 18th, David Sipes sold 9,300 shares of RingCentral stock. The stock was sold at an average price of $68.86, for a total transaction of $640,398.00.

Shares of RNG traded up $0.05 during trading hours on Thursday, reaching $77.90. 511,500 shares of the company traded hands, compared to its average volume of 619,946. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -222.57 and a beta of 0.70. The company has a current ratio of 4.71, a quick ratio of 4.71 and a debt-to-equity ratio of 1.29. RingCentral Inc has a 12 month low of $34.10 and a 12 month high of $81.20.

RingCentral (NYSE:RNG) last announced its earnings results on Wednesday, May 9th. The software maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $145.41 million. RingCentral had a negative net margin of 3.99% and a negative return on equity of 9.90%. The company’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. research analysts forecast that RingCentral Inc will post -0.2 EPS for the current fiscal year.

RingCentral announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 27th that authorizes the company to buyback $35.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through a private placement purchase. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

A number of brokerages have issued reports on RNG. Zacks Investment Research lowered shares of RingCentral from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Oppenheimer raised their price target on shares of RingCentral from $66.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, May 10th. JPMorgan Chase & Co. raised their price target on shares of RingCentral to $76.00 and gave the stock a “neutral” rating in a report on Thursday, May 10th. They noted that the move was a valuation call. SunTrust Banks raised their price target on shares of RingCentral to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Finally, Craig Hallum raised their price target on shares of RingCentral from $65.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. RingCentral currently has an average rating of “Buy” and an average price target of $65.62.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of RingCentral by 26.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,637 shares of the software maker’s stock valued at $358,000 after purchasing an additional 1,182 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of RingCentral during the 1st quarter valued at about $41,563,000. Principal Financial Group Inc. boosted its stake in shares of RingCentral by 17.3% during the 1st quarter. Principal Financial Group Inc. now owns 50,191 shares of the software maker’s stock valued at $3,187,000 after purchasing an additional 7,420 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of RingCentral during the 1st quarter valued at about $879,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of RingCentral by 46.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 8,209 shares of the software maker’s stock valued at $521,000 after purchasing an additional 2,600 shares in the last quarter. 77.26% of the stock is currently owned by hedge funds and other institutional investors.

RingCentral Company Profile

RingCentral, Inc provides software-as-a-service solutions for business communications and collaboration primarily in the United States. The company's products include RingCentral Office, a multi-tenant, multi-location, and enterprise-grade communications and collaboration solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing through smartphones, tablets, PCs, and desk phones for businesses, which require a communications solution; RingCentral Professional, an inbound call routing subscription with additional text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that offers Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine.

Stifel Financial Corp increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,616 shares of the technology company’s stock after acquiring an additional 6,990 shares during the period. Stifel Financial Corp’s holdings in Jack Henry & Associates were worth $7,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Jack Henry & Associates by 1.7% during the 1st quarter. BlackRock Inc. now owns 8,863,933 shares of the technology company’s stock valued at $1,072,093,000 after buying an additional 150,882 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Jack Henry & Associates by 3.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,124 shares of the technology company’s stock valued at $225,952,000 after buying an additional 69,778 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Jack Henry & Associates by 0.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,166,434 shares of the technology company’s stock valued at $136,426,000 after buying an additional 9,507 shares during the last quarter. Geode Capital Management LLC grew its holdings in Jack Henry & Associates by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 840,263 shares of the technology company’s stock valued at $98,230,000 after buying an additional 18,362 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Jack Henry & Associates by 1.3% during the 1st quarter. Swiss National Bank now owns 638,200 shares of the technology company’s stock valued at $77,190,000 after buying an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

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Shares of Jack Henry & Associates stock opened at $129.05 on Tuesday. Jack Henry & Associates, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $130.00. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 3.37 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.25.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 1st. The technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Jack Henry & Associates had a return on equity of 23.12% and a net margin of 23.69%. The company had revenue of $384.70 million for the quarter, compared to analyst estimates of $376.41 million. During the same quarter in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. analysts expect that Jack Henry & Associates, Inc. will post 3.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Wednesday, May 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, May 22nd. Jack Henry & Associates’s dividend payout ratio is presently 47.13%.

JKHY has been the topic of a number of analyst reports. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Friday, April 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $134.00 target price on shares of Jack Henry & Associates in a report on Tuesday, May 22nd. Finally, ValuEngine upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Jack Henry & Associates currently has an average rating of “Buy” and a consensus price target of $123.33.

In other Jack Henry & Associates news, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $125.67, for a total transaction of $2,513,400.00. Following the transaction, the insider now owns 23,314 shares of the company’s stock, valued at approximately $2,929,870.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John F. Prim sold 7,900 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $127.28, for a total value of $1,005,512.00. Following the transaction, the insider now directly owns 226,312 shares in the company, valued at approximately $28,804,991.36. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY).

Edelweiss’ research report on Torrent Pharmaceuticals

Torrent Pharmaceuticals (TRP) Q4FY18 numbers were weak, with top line up 22%, on Unichem acquisition, and bottom line up 11%, on one-time reversal of deferred tax liability. Excluding Unichem, domestic sales grew 11%, implying that Unichem contributed ~INR1.7bn to top-line in Q4FY18. In the US, acquisitions offset sustained pricing pressure. In Brazil, which is currently in the midst of strikes and an impending election, TRP was allowed to take negligible price increases. Going forward, to make the Unichem acquisition earnings accretive by FY20, TRP needs to: i) arrest the decline in Unichem portfolio; ii) improve MR productivity; and iii) improve EBITDA margin from current levels of ~18%.

Outlook
We believe the stock is fairly valued at current levels of 21.3x FY20E earnings, a 14% premium to the sector. Maintain HOLD with TP of INR1,333.

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First Published on Jun 12, 2018 02:43 pm