Equities research analysts at StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK – Get Free Report) in a report issued on Tuesday. The firm set a “buy” rating on the software maker’s stock.
Separately, TheStreet upgraded shares of NetSol Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, February 13th.
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NetSol Technologies Stock Down 1.5 %
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last released its earnings results on Tuesday, February 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. NetSol Technologies had a negative net margin of 3.68% and a negative return on equity of 5.47%. The company had revenue of $15.24 million for the quarter.
Insiders Place Their Bets
In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total transaction of $26,680.32. Following the transaction, the chief financial officer now owns 20,736 shares in the company, valued at $59,719.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.71% of the company’s stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in NetSol Technologies stock. Vanguard Group Inc. grew its position in NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 649,497 shares of the software maker’s stock after purchasing an additional 57,003 shares during the period. Vanguard Group Inc. owned about 5.71% of NetSol Technologies worth $1,176,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 16.02% of the company’s stock.
About NetSol Technologies
NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.
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