NetSol Technologies Inc. (NASDAQ:NTWK) – Taglich Brothers cut their Q1 2017 earnings per share estimates for NetSol Technologies in a report issued on Thursday. Taglich Brothers analyst H. Halpern now expects that the brokerage will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.11. Taglich Brothers also issued estimates for NetSol Technologies’ Q2 2017 earnings at $0.09 EPS, Q4 2017 earnings at $0.28 EPS and FY2017 earnings at $0.51 EPS.

A number of other equities research analysts have also recently issued reports on the stock. TheStreet raised shares of NetSol Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 29th. Zacks Investment Research raised shares of NetSol Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th.

Shares of NetSol Technologies (NASDAQ:NTWK) opened at 6.28 on Monday. NetSol Technologies has a 1-year low of $5.16 and a 1-year high of $9.50. The company has a market cap of $67.11 million, a price-to-earnings ratio of 19.63 and a beta of 0.24. The firm has a 50-day moving average price of $6.12 and a 200 day moving average price of $6.29.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, September 15th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. NetSol Technologies had a return on equity of 4.56% and a net margin of 5.27%. The business had revenue of $19.10 million for the quarter.

A number of large investors have recently modified their holdings of the stock. Raymond James & Associates purchased a new position in NetSol Technologies during the second quarter valued at $114,000. Vanguard Group Inc. boosted its position in NetSol Technologies by 29.7% in the second quarter. Vanguard Group Inc. now owns 366,118 shares of the company’s stock valued at $2,138,000 after buying an additional 83,801 shares during the last quarter. Royal Bank of Canada boosted its position in NetSol Technologies by 57.2% in the first quarter. Royal Bank of Canada now owns 30,657 shares of the company’s stock valued at $214,000 after buying an additional 11,157 shares during the last quarter. Simmons Bank purchased a new position in NetSol Technologies during the first quarter valued at $688,000. Finally, Geode Capital Management LLC boosted its position in NetSol Technologies by 6.0% in the first quarter. Geode Capital Management LLC now owns 52,458 shares of the company’s stock valued at $366,000 after buying an additional 2,967 shares during the last quarter. 15.01% of the stock is currently owned by institutional investors and hedge funds.

About NetSol Technologies

NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.

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