Edgewater Technology, Inc. (EDGW) Lowered to D+ at TheStreet
Shares of Edgewater Technology (EDGW) traded up $0.04 during midday trading on Friday, reaching $6.55. 3,401 shares of the company were exchanged, compared to its average volume of 13,261. Edgewater Technology has a 52-week low of $6.22 and a 52-week high of $8.08. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.06.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Edgewater Technology by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,771 shares of the information technology services provider’s stock valued at $6,876,000 after purchasing an additional 7,786 shares in the last quarter. K2 Principal Fund L.P. boosted its holdings in Edgewater Technology by 10.2% in the 2nd quarter. K2 Principal Fund L.P. now owns 109,890 shares of the information technology services provider’s stock valued at $747,000 after purchasing an additional 10,152 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Edgewater Technology by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 405,122 shares of the information technology services provider’s stock valued at $2,767,000 after purchasing an additional 1,800 shares in the last quarter. Northern Trust Corp boosted its holdings in Edgewater Technology by 5.4% in the 2nd quarter. Northern Trust Corp now owns 36,321 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Edgewater Technology in the 2nd quarter valued at approximately $175,000. 61.85% of the stock is currently owned by institutional investors.
About Edgewater Technology
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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