339,587 Everforth $EFOR Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. reduced its stake in Everforth (NYSE:EFOR) by 42.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 453,037 shares of the company’s stock after selling 339,587 shares during the period. Everforth makes up approximately 1.0% of New South Capital Management Inc.’s portfolio, making the stock its 29th biggest position. New South Capital Management Inc. owned about 1.10% of Everforth worth $14,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Fulcrum Asset Management LLP raised its stake in shares of Everforth by 1,272.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 41,924 shares of the company’s stock valued at $1,379,000 after acquiring an additional 38,870 shares during the period. Ethic Inc. lifted its holdings in shares of Everforth by 10.8% in the 3rd quarter. Ethic Inc. now owns 11,207 shares of the company’s stock worth $369,000 after acquiring an additional 1,092 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of Everforth in the 3rd quarter worth approximately $241,000. Finally, Crescent Grove Advisors LLC acquired a new position in shares of Everforth in the 3rd quarter worth approximately $408,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Everforth Stock Performance

NYSE EFOR opened at $36.03 on Thursday. The company has a 50 day simple moving average of $35.44. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75. Everforth has a one year low of $16.90 and a one year high of $54.94. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 22.10 and a beta of 0.42.

Everforth (NYSE:EFOR) last announced its earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.09. The firm had revenue of $1.03 billion for the quarter. Everforth had a net margin of 1.71% and a return on equity of 8.87%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts predict that Everforth will post 3.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EFOR. Zacks Research downgraded shares of Everforth from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Wells Fargo & Company upped their price target on Everforth from $26.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Wall Street Zen upgraded Everforth from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Truist Financial raised their price target on Everforth from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Finally, BMO Capital Markets lifted their price objective on Everforth from $30.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Everforth has a consensus rating of “Reduce” and an average target price of $33.83.

Everforth Profile

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers. In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.