The Bank of New York Mellon Corp Reduced the position of SciQuest, Inc. (SQI)

The Bank of New York Mellon Corp Reduced the position of SciQuest, Inc. (SQI)

Bank of New York Mellon Corp reduced its position in shares of SciQuest, Inc. (NASDAQ:SQI) by 27.7% during the second quarter, Holdings Channel reports. The institutional investor owned 109,208 shares of the company’s stock after selling 41,815 shares during the period. Bank of New York Mellon Corp owned about 0.39% of SciQuest worth $1,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Algert Global LLC boosted its position in SciQuest by 7.3% in the first quarter. Algert Global LLC now owns 36,343 shares of the company’s stock worth $504,000 after buying an additional 2,474 shares during the period. BlackRock Group LTD boosted its position in SciQuest by 5.2% in the first quarter. BlackRock Group LTD now owns 71,611 shares of the company’s stock worth $993,000 after buying an additional 3,527 shares during the period. Geode Capital Management LLC boosted its position in SciQuest by 9.2% in the first quarter. Geode Capital Management LLC now owns 192,071 shares of the company’s stock worth $2,665,000 after buying an additional 16,161 shares during the period. Friess Associates LLC boosted its position in SciQuest by 5.5% in the first quarter. Friess Associates LLC now owns 47,470 shares of the company’s stock worth $659,000 after buying an additional 2,470 shares during the period. Finally, Kennedy Capital Management Inc. boosted its position in SciQuest by 8.3% in the first quarter. Kennedy Capital Management Inc. now owns 693,226 shares of the company’s stock worth $9,622,000 after buying an additional 53,082 shares during the period.

SciQuest, Inc. (NASDAQ:SQI) traded up 0.000% during trading on Friday, reaching $17.745. SciQuest, Inc. has a one year low of $9.49 and a one year high of $17.81. The stock has a 50 day moving average of $17.68 and a 200-day moving average of $14.48.

Separately, Raymond James Financial Inc. lowered SciQuest from an “outperform” rating to a “market perform” rating and set a $19.50 price objective on the stock. in a research report on Friday, June 24th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.08.

SciQuest Company Profile

SciQuest, Inc is a United States-based public provider of spend management solutions. The Company’s offers a range of solutions, such as Spend Director, Spend Radar, Sourcing Director, Advanced Sourcing Optimizer, Total Contract Manager, Total Supplier Manager, Enterprise Reagent Manager, Accounts Payable Director, Supplier Network and Portfolio Savings Manager.

Related posts

Leave a Comment