Homrich & Berg Holds Stake in Edgewater Technology, Inc. (EDGW)
Homrich & Berg held its position in shares of Edgewater Technology, Inc. (NASDAQ:EDGW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,500 shares of the information technology services provider’s stock at the end of the second quarter. Homrich & Berg owned about 0.15% of Edgewater Technology worth $139,000 at the end of the most recent reporting period.
Separately, Prudential Financial Inc. purchased a new position in shares of Edgewater Technology during the second quarter worth $175,000. 63.17% of the stock is currently owned by institutional investors and hedge funds.
Edgewater Technology, Inc. (NASDAQ EDGW) opened at 6.57 on Thursday. Edgewater Technology, Inc. has a one year low of $6.22 and a one year high of $9.40. The stock’s market capitalization is $91.59 million. The company has a 50-day moving average of $6.94 and a 200-day moving average of $7.06.
Edgewater Technology (NASDAQ:EDGW) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Edgewater Technology had a negative net margin of 5.77% and a negative return on equity of 9.00%. The business had revenue of $30.31 million for the quarter. On average, equities analysts forecast that Edgewater Technology, Inc. will post ($0.10) EPS for the current fiscal year.
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Edgewater Technology Company Profile
Edgewater Technology, Inc is a provider of transformational classic and product-based consulting services. The Company helps the C-suite drive transformational change through its selection of business and technology services, and channel-based solutions. The classic consulting disciplines (such as business advisory, process improvement, organizational change management, mergers and acquisitions (M&A) due diligence, and domain expertise) are blended with technical services (digital transformation, technical roadmaps, data and analytics services, custom development and system integration) to help organizations leverage investments in legacy information technology (IT) assets.
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