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

Evernest Financial Advisors LLC purchased a new position in NetSol Technologies Inc. (NASDAQ:NTWK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 130,452 shares of the software maker’s stock, valued at approximately $419,000. Evernest Financial Advisors LLC owned 1.10% of NetSol Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mink Brook Asset Management LLC bought a new position in shares of NetSol Technologies during the 4th quarter valued at approximately $331,000. Jane Street Group LLC bought a new position in shares of NetSol Technologies during the 4th quarter valued at approximately $82,000. IFP Advisors Inc boosted its position in shares of NetSol Technologies by 33,588.0% during the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after acquiring an additional 16,794 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of NetSol Technologies during the 3rd quarter valued at approximately $37,000. Finally, Empowered Funds LLC boosted its position in shares of NetSol Technologies by 10.7% during the 4th 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 during the last quarter. 16.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

NetSol Technologies Stock Up 1.1%

Shares of NTWK opened at $4.52 on Friday. The company has a market cap of $53.70 million, a PE ratio of 30.14 and a beta of 0.92. The business has a fifty day moving average of $3.96 and a 200 day moving average of $3.48. NetSol Technologies Inc. has a 52-week low of $2.73 and a 52-week high of $5.75. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, May 14th. The software maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $19.83 million for the quarter, compared to analyst estimates 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.