November 16, 2016 - By Linda Rogers · 0 Comments
Netsol Technologies Inc (NASDAQ:NTWK) institutional sentiment decreased to 0.62 in 2016 Q2. Its down -1.88, from 2.5 in 2016Q1. The ratio dropped, as 8 investment managers opened new and increased equity positions, while 13 sold and reduced their positions in Netsol Technologies Inc. The investment managers in our partner’s database now have: 1.48 million shares, up from 1.45 million shares in 2016Q1. Also, the number of investment managers holding Netsol Technologies Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 11 Increased: 4 New Position: 4.
NetSol Technologies, Inc. is a provider of information technology and enterprise software solutions. The company has a market cap of $57.14 million. The Firm is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry. It has a 28.83 P/E ratio. The Company’s divisions include North America, Europe and Asia-Pacific.
About 68,575 shares traded hands or 94.54% up from the average. NetSol Technologies Inc. (NASDAQ:NTWK) has declined 26.78% since April 14, 2016 and is downtrending. It has underperformed by 31.46% the S&P500.
According to Zacks Investment Research, “NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. NetSol helps clients to identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company also delivers managed IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol’s commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessment, a distinction shared by only 94 companies worldwide. The Company’s clients include global automakers, financial institutions, technology companies and governmental agencies.”
Gsa Capital Partners Llp holds 0.02% of its portfolio in NetSol Technologies Inc. for 50,600 shares. Acadian Asset Management Llc owns 38,580 shares or 0% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 29 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 22,951 shares.#img1#
NetSol Technologies, Inc., incorporated on March 18, 1997, is a well-known provider of information technology (IT) and enterprise software solutions. The Firm is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry. The Company’s divisions include North America, Europe and Asia-Pacific. The Company’s offerings include its global solution, NFS. The four applications under NFS have been designed and developed for a setting, and deals with multinational, multi-company, multi-asset, multi-lingual, multi-distributor and multi-manufacturer environments. Each application is used independently to address specific sub-domains of the leasing/financing cycle.
More notable recent NetSol Technologies Inc. (NASDAQ:NTWK) news were published by: Streetinsider.com which released: “Form 8-K NETSOL TECHNOLOGIES INC For: Nov 14” on November 16, 2016, also Quotes.Wsj.com with their article: “News NetSol Technologies Inc.NTWK” published on February 11, 2011, Seekingalpha.com published: “The Ugly Duckling Ready To Fly: NetSol Technologies” on September 24, 2016. More interesting news about NetSol Technologies Inc. (NASDAQ:NTWK) were released by: Seekingalpha.com and their article: “NetSol Technologies Rebooted” published on February 15, 2016 as well as Globenewswire.com‘s news article titled: “NetSol Technologies Carries Out Six China VAT Implementations in less than Two …” with publication date: July 18, 2016.
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By Linda Rogers