NetSol Technologies Inc. (NASDAQ:NTWK) – Investment analysts at Taglich Brothers lowered their Q3 2017 earnings per share estimates for NetSol Technologies in a research report issued to clients and investors on Thursday. Taglich Brothers analyst H. Halpern now forecasts that the brokerage will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.20. Taglich Brothers also issued estimates for NetSol Technologies’ Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $0.78 EPS.
Separately, Zacks Investment Research raised shares of NetSol Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th.
NetSol Technologies (NASDAQ:NTWK) traded up 1.28% during midday trading on Friday, hitting $6.34. The stock had a trading volume of 31,834 shares. NetSol Technologies has a 12 month low of $5.02 and a 12 month high of $9.50. The stock has a market cap of $67.75 million, a price-to-earnings ratio of 19.81 and a beta of 0.69. The stock has a 50 day moving average of $6.09 and a 200 day moving average of $6.30.
NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Thursday, September 15th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.08. NetSol Technologies had a return on equity of 4.56% and a net margin of 5.27%. The firm had revenue of $19.10 million for the quarter.
Large investors have recently made changes to their positions in the stock. Raymond James & Associates acquired a new stake in shares of NetSol Technologies during the second quarter worth approximately $114,000. Vanguard Group Inc. boosted its stake in shares of NetSol Technologies by 29.7% in the second quarter. Vanguard Group Inc. now owns 366,118 shares of the company’s stock worth $2,138,000 after buying an additional 83,801 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of NetSol Technologies by 57.2% in the first quarter. Royal Bank of Canada now owns 30,657 shares of the company’s stock worth $214,000 after buying an additional 11,157 shares during the last quarter. Simmons Bank acquired a new stake in shares of NetSol Technologies during the first quarter worth approximately $688,000. Finally, Geode Capital Management LLC boosted its stake in shares of NetSol Technologies by 6.0% in the first quarter. Geode Capital Management LLC now owns 52,458 shares of the company’s stock worth $366,000 after buying an additional 2,967 shares during the last quarter. 15.01% of the stock is owned by institutional investors and hedge funds.
NetSol Technologies Company Profile
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
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