Evernest Financial Advisors LLC Makes New Investment in NetSol Technologies Inc. $NTWK

Evernest Financial Advisors LLC bought a new position in shares of NetSol Technologies Inc. (NASDAQ:NTWK) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 130,452 shares of the software maker’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTWK. Geode Capital Management LLC raised its position in NetSol Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after acquiring an additional 3,890 shares in the last quarter. Mink Brook Asset Management LLC purchased a new position in NetSol Technologies during the fourth quarter valued at approximately $331,000. Empowered Funds LLC raised its position in NetSol Technologies by 10.7% during the fourth quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock valued at $189,000 after acquiring an additional 6,051 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of NetSol Technologies by 9.8% in the third quarter. Bridgeway Capital Management LLC now owns 58,976 shares of the software maker’s stock valued at $280,000 after buying an additional 5,268 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of NetSol Technologies in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 16.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetSol Technologies in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NetSol Technologies currently has an average rating of “Hold”.

NetSol Technologies Stock Up 1.1%

NTWK opened at $4.52 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. The business has a 50 day simple moving average of $3.96 and a 200-day simple moving average of $3.48. The stock has a market capitalization of $53.70 million, a P/E ratio of 30.14 and a beta of 0.92. NetSol Technologies Inc. has a 12 month low of $2.73 and a 12 month high of $5.75.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Thursday, May 14th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $19.83 million during the quarter, compared to analysts’ expectations of $15.10 million. NetSol Technologies had a return on equity of 4.24% and a net margin of 2.49%.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.