Bank of New York Mellon Corp reduced its holdings in shares of KEYW Holding Corp. (NASDAQ:KEYW) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,996 shares of the software maker’s stock after selling 19,627 shares during the quarter. Bank of New York Mellon Corp’s holdings in KEYW were worth $2,288,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. NJ State Employees Deferred Compensation Plan lifted its stake in shares of KEYW by 16.0% during the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 58,000 shares of the software maker’s stock valued at $388,000 after buying an additional 8,000 shares in the last quarter. Teachers Advisors LLC lifted its stake in KEYW by 4.2% in the 3rd quarter. Teachers Advisors LLC now owns 252,932 shares of the software maker’s stock worth $2,190,000 after purchasing an additional 10,162 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in KEYW by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 36,228 shares of the software maker’s stock worth $314,000 after purchasing an additional 12,886 shares in the last quarter. Rhumbline Advisers lifted its stake in KEYW by 42.2% in the 4th quarter. Rhumbline Advisers now owns 70,100 shares of the software maker’s stock worth $469,000 after purchasing an additional 20,816 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in KEYW in the 3rd quarter worth approximately $181,000.
Several analysts have issued reports on the stock. BidaskClub cut shares of KEYW from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Zacks Investment Research upgraded shares of KEYW from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Saturday, March 16th. Drexel Hamilton reiterated a “hold” rating on shares of KEYW in a research note on Wednesday, March 13th. Seaport Global Securities reiterated a “neutral” rating on shares of KEYW in a research note on Tuesday, March 12th. Finally, Noble Financial reiterated a “buy” rating and issued a $10.50 target price on shares of KEYW in a research note on Monday, January 21st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $9.50.
KEYW (NASDAQ:KEYW) last issued its quarterly earnings results on Tuesday, March 12th. The software maker reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). The company had revenue of $126.30 million during the quarter, compared to the consensus estimate of $128.10 million. KEYW had a negative return on equity of 2.95% and a negative net margin of 4.34%. KEYW’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that KEYW Holding Corp. will post 0.07 EPS for the current fiscal year.
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The KeyW Holding Corporation, together with its subsidiaries, provides engineering and technology solutions to support the collection, processing, analysis, and dissemination of information across the spectrum of the intelligence, cyber, and counterterrorism communities in the United States. The company's solutions are designed to meet the critical needs of agile intelligence and U.S.
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