38,870 Everforth $EFOR Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in Everforth (NYSE:EFOR) by 1,272.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,924 shares of the company’s stock after buying an additional 38,870 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Everforth were worth $1,379,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Ethic Inc. raised its holdings in Everforth by 10.8% in the 3rd quarter. Ethic Inc. now owns 11,207 shares of the company’s stock worth $369,000 after purchasing an additional 1,092 shares during the period. Pictet Asset Management Holding SA purchased a new stake in shares of Everforth in the third quarter valued at approximately $241,000. Finally, Crescent Grove Advisors LLC acquired a new position in shares of Everforth during the 3rd quarter worth approximately $408,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EFOR shares. UBS Group increased their price objective on shares of Everforth from $17.00 to $19.00 and gave the company a “sell” rating in a report on Thursday, October 29th. BMO Capital Markets boosted their price objective on Everforth from $30.00 to $41.00 and gave the stock a “market perform” rating in a research note on Friday, October 9th. Wells Fargo & Company increased their target price on Everforth from $26.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, October 29th. Truist Financial raised their target price on Everforth from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, October 9th. Finally, Zacks Research cut Everforth from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $33.83.

Everforth Stock Performance

NYSE:EFOR opened at $36.03 on Thursday. Everforth has a fifty-two week low of $16.90 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.13 and a quick ratio of 2.13. The business’s 50 day moving average is $35.44. The stock has a market cap of $1.48 billion, a PE ratio of 9.32 and a beta of 0.42.

Everforth (NYSE:EFOR) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.09. The firm had revenue of $1.03 billion during the quarter. Everforth had a net margin of 1.71% and a return on equity of 8.87%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that Everforth will post 3.74 earnings per share for the current fiscal year.

About Everforth

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.