According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “
Shares of Datawatch Corp. (NASDAQ:DWCH) opened at 7.40 on Thursday. The stock’s market cap is $87.76 million. Datawatch Corp. has a one year low of $3.10 and a one year high of $7.84. The company has a 50 day moving average price of $6.95 and a 200-day moving average price of $5.77.
Datawatch Corp. (NASDAQ:DWCH) last released its earnings results on Wednesday, July 20th. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.15. Datawatch Corp. had a negative return on equity of 27.37% and a negative net margin of 52.48%. The business earned $7.40 million during the quarter, compared to analysts’ expectations of $7.77 million. Equities analysts predict that Datawatch Corp. will post ($0.70) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DWCH. Bank of New York Mellon Corp raised its position in Datawatch Corp. by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 18,197 shares of the company’s stock worth $101,000 after buying an additional 327 shares during the period. Renaissance Technologies LLC raised its position in Datawatch Corp. by 88.5% in the first quarter. Renaissance Technologies LLC now owns 37,700 shares of the company’s stock worth $187,000 after buying an additional 17,700 shares during the period. Dimensional Fund Advisors LP raised its position in Datawatch Corp. by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 67,721 shares of the company’s stock worth $375,000 after buying an additional 303 shares during the period. G2 Investment Partners Management LLC acquired a new position in Datawatch Corp. during the second quarter worth $500,000. Finally, Emerald Acquisition Ltd. acquired a new position in Datawatch Corp. during the second quarter worth $558,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.
About Datawatch Corp.
Datawatch Corporation provides visual data discovery software. The Company is engaged in the design, development, marketing, distribution and support of business computer software primarily for the visual data discovery market. Its line of visual data discovery solutions includes Datawatch Desktop, Datawatch Server, Datawatch Modeler, Datawatch Automator, Datawatch RMS and Datawatch Report Manager OnDemand (RMOD).
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