The Vanguard Group, Inc. recently announced the acquisition of new stake in Engagesmart Inc (NYSE:ESMT). The institutional investor has increased its shareholding in the Technology company by 2.20% to 5.11 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 3.04% valued currently at $117.06 million. In addition, BlackRock Fund Advisors raised its holdings by 0.3 million to 3.53 million shares. And Millennium Management LLC has lifted its position by 2.87% or 74610.0 shares – to 2.67 million shares.
Currently, there are 166.08M common shares owned by the public and among those 42.60M shares have been available to trade.
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Insiders at the company have transacted a total of 125 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 48 of these insider trades were purchases, accounting for 449,279 shares. Insider sales of the common stock occurred on 77 occasions, with total insider shares sold totaling 10,539,955 shares.
The top 3 mutual fund holders in Engagesmart Inc are Fidelity Canadian Large Cap Fund, Fidelity Canadian Large Cap Multi, and Vanguard Total Stock Market ETF. Fidelity Canadian Large Cap Fund owns 2.0 million shares of the company’s stock, all valued at over $45.8 million. The company bought an additional 2.0 million shares recently to bring their total holdings to about 1.19% of the shares outstanding. Fidelity Canadian Large Cap Multi bought 0.94 million shares to see its total holdings expand to 1.72 million shares valued at over $39.5 million and representing 1.02% of the shares outstanding. Vanguard Total Stock Market ETF sold 48300.0 shares to bring its total holdings to over 1.37 million shares at a value of $31.37 million. Vanguard Total Stock Market ETF now owns shares totaling to 0.81% of the shares outstanding.
However, the script later moved the day high at 23.15, up 0.04%. The company’s stock has a 5-day price change of 0.39% and 14.36% over the past three months. ESMT shares are trading 0.87% year to date (YTD), with the 12-month market performance up to 21.58% higher. It has a 12-month low price of $15.45 and touched a high of $23.15 over the same period. ESMT has an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.65%, 0.97%, and 18.20% respectively.
Institutional ownership of Engagesmart Inc (NYSE: ESMT) shares accounts for 22.60% of the company’s 166.08M shares outstanding. Mutual fund holders own 12.23%, while other institutional holders and individual stakeholders account for 70.38% and 10.31% respectively.
It has a market capitalization of $3.88B and a beta (3y monthly) value of 0.32. The stock’s trailing 12-month PE ratio is 157.89, while the earnings-per-share (ttm) stands at $0.15. The company has a PEG of 5.72 and a Quick Ratio of 6.71 with the debt-to-equity ratio at 0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.33% over the week and 0.21% over the month.
Analysts forecast that Engagesmart Inc (ESMT) will achieve an EPS of $0.07 for the current quarter, $0.08 for the next quarter and $0.34 for 2024. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 7.60%, and 23.98% over the next financial year.
