BroadSoft (BSFT) Investors: Wells Fargo Maintains Buy Rating, Putnam Premier Income Trust Has 1.12 Sentiment

June 20, 2017 - By Linda Rogers

Among 7 analysts covering Broadsoft (NASDAQ:BSFT), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Broadsoft has $55 highest and $42 lowest target. $48.80’s average target is 14.82% above currents $42.5 stock price. Broadsoft had 9 analyst reports since November 5, 2015 according to SRatingsIntel. As per Thursday, November 5, the company rating was maintained by Needham. The stock has “Strong Buy” rating by Raymond James on Tuesday, August 2. On Wednesday, January 20 the stock rating was upgraded by Wells Fargo to “Outperform”. The rating was maintained by Jefferies on Wednesday, September 28 with “Buy”. The rating was maintained by William Blair with “Buy” on Wednesday, May 31. Dougherty & Company maintained the stock with “Buy” rating in Friday, April 29 report. Needham maintained the shares of BSFT in report on Tuesday, November 1 with “Buy” rating. As per Tuesday, August 2, the company rating was maintained by Jefferies.

Putnam Premier Income Trust is a diversified closed-end management investment company. The company has market cap of $589.98 million. The Fund seeks high current income consistent with the preservation of capital by allocating its investments among the United States Government sector, high yield sector and international sector of the fixed-income securities market. It currently has negative earnings. The Fund’s portfolio includes the United States Government and agency mortgage obligations, mortgage-backed securities, corporate bonds and notes, foreign government and agency bonds and notes, senior loans, common stocks, purchased swap options outstanding, preferred stocks and preferred stocks.

1607 Capital Partners Llc holds 1.8% of its portfolio in Putnam Premier Income Trust for 5.36 million shares. Sit Investment Associates Inc owns 10.56 million shares or 1.37% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 1.03% invested in the company for 3.18 million shares. The New York-based Saba Capital Management L.P. has invested 1.02% in the stock. Sterneck Capital Management Llc, a Missouri-based fund reported 309,738 shares.

The stock increased 0.55% or $0.03 on June 19, reaching $5.45. About shares traded. Putnam Premier Income Trust (PPT) has risen 10.83% since June 20, 2016 and is uptrending. It has underperformed by 5.87% the S&P500.

The stock increased 1.92% or $0.8 during the last trading session, reaching $42.5. About shares traded. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since June 20, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.

BroadSoft, Inc. is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud Unified Communications to their enterprise customers. The company has market cap of $1.30 billion. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise private branch exchange (PBX) equipment. It currently has negative earnings. BroadSoft Business includes its UC-One, Team-One and CC-One applications.

Since January 20, 2017, it had 0 buys, and 5 selling transactions for $813,020 activity. Another trade for 5,000 shares valued at $215,750 was sold by Bernardi David. Shares for $92,120 were sold by Markley John D. Jr. on Wednesday, February 22. 6,446 shares valued at $290,070 were sold by Tessler Michael on Tuesday, February 21. The insider BEHBEHANI TAHER G. sold 4,188 shares worth $172,420.

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