Russell Investments Group Ltd. boosted its holdings in shares of NetSol Technologies Inc. (NASDAQ:NTWK) by 26.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 218,563 shares of the software maker’s stock after acquiring an additional 45,501 shares during the quarter. Russell Investments Group Ltd. owned 1.90% of NetSol Technologies worth $1,442,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in NetSol Technologies by 156.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 75,195 shares of the software maker’s stock valued at $417,000 after acquiring an additional 45,928 shares during the period. Renaissance Technologies LLC boosted its holdings in NetSol Technologies by 25.9% during the 2nd quarter. Renaissance Technologies LLC now owns 351,020 shares of the software maker’s stock valued at $1,948,000 after acquiring an additional 72,320 shares during the period. Finally, Boston Partners purchased a new position in NetSol Technologies during the 2nd quarter valued at $1,462,000. Institutional investors own 24.34% of the company’s stock.
NTWK opened at $6.20 on Friday. NetSol Technologies Inc. has a 52-week low of $4.25 and a 52-week high of $10.52. The firm has a market cap of $73.94 million, a P/E ratio of 12.80 and a beta of 0.16.
NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Tuesday, November 13th. The software maker reported $0.08 earnings per share (EPS) for the quarter. NetSol Technologies had a return on equity of 7.48% and a net margin of 8.74%. The company had revenue of $16.40 million during the quarter.
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NetSol Technologies Profile
NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.
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