Rk Capital Management Has Cut Broadsoft (BSFT) Stake; Edgewater Technology (EDGW) Sentiment Is 1

July 17, 2017 - By Clifton Ray

Edgewater Technology, Inc. is a provider of transformational classic and product consulting services. The company has market cap of $93.41 million. The Firm helps the C-suite drive transformational change through its selection of business and technology services, and channel solutions. It currently has negative earnings. The classic consulting disciplines due diligence, and domain expertise) are blended with technical services (digital transformation, technical roadmaps, data and analytics services, custom development and system integration) to help organizations leverage investments in legacy information technology (IT) assets.

Rk Capital Management Llc decreased Broadsoft Inc (BSFT) stake by 29.11% reported in 2016Q4 SEC filing. Rk Capital Management Llc sold 72,400 shares as Broadsoft Inc (BSFT)’s stock declined 14.92%. The Rk Capital Management Llc holds 176,296 shares with $7.27M value, down from 248,696 last quarter. Broadsoft Inc now has $1.32B valuation. The stock rose 1.12% or $0.48 reaching $42.78. About 141,197 shares traded. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since July 17, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.

Since January 20, 2017, it had 0 buys, and 5 insider sales for $813,020 activity. 6,446 shares valued at $290,070 were sold by Tessler Michael on Tuesday, February 21. Another trade for 5,000 shares valued at $215,750 was made by Bernardi David on Wednesday, March 1. The insider Markley John D. Jr. sold 1,000 shares worth $42,660. BEHBEHANI TAHER G. sold $172,420 worth of stock.

Analysts await BroadSoft Inc (NASDAQ:BSFT) to report earnings on August, 7. They expect $-0.13 EPS, down 316.67% or $0.19 from last year’s $0.06 per share. After $-0.21 actual EPS reported by BroadSoft Inc for the previous quarter, Wall Street now forecasts -38.10% EPS growth.

Among 8 analysts covering Broadsoft (NASDAQ:BSFT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Broadsoft had 13 analyst reports since November 5, 2015 according to SRatingsIntel. On Wednesday, September 28 the stock rating was maintained by Jefferies with “Buy”. Raymond James maintained BroadSoft Inc (NASDAQ:BSFT) rating on Tuesday, August 2. Raymond James has “Strong Buy” rating and $51 target. On Wednesday, June 14 the stock rating was maintained by William Blair with “Buy”. The stock of BroadSoft Inc (NASDAQ:BSFT) earned “Buy” rating by Jefferies on Tuesday, August 2. On Wednesday, May 31 the stock rating was maintained by William Blair with “Buy”. The stock of BroadSoft Inc (NASDAQ:BSFT) has “Buy” rating given on Friday, June 23 by Jefferies. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 20. Dougherty & Company maintained the shares of BSFT in report on Friday, April 29 with “Buy” rating. The rating was maintained by Needham on Thursday, November 5 with “Buy”. Needham maintained it with “Buy” rating and $47 target in Tuesday, November 1 report.

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.06, from 0.96 in 2016Q3. It dived, as 28 investors sold BSFT shares while 55 reduced holdings. 15 funds opened positions while 60 raised stakes. 32.64 million shares or 2.32% more from 31.90 million shares in 2016Q3 were reported. Federated Invsts Inc Pa has 0.12% invested in BroadSoft Inc (NASDAQ:BSFT) for 1.00M shares. Nationwide Fund Advsr reported 0% stake. Lord Abbett & Com Ltd Limited Liability Company reported 183,044 shares. Ipswich Inv Mngmt Inc has 0.1% invested in BroadSoft Inc (NASDAQ:BSFT) for 5,618 shares. Umb Natl Bank N A Mo has 7,300 shares. State Board Of Administration Of Florida Retirement Systems reported 15,712 shares. Art Advisors Limited Liability holds 0.05% or 18,700 shares in its portfolio. Pnc Svcs Grp has invested 0% in BroadSoft Inc (NASDAQ:BSFT). Blackrock Fund Advsr owns 882,148 shares. Blackrock Institutional Na reported 0% in BroadSoft Inc (NASDAQ:BSFT). Northwestern Mutual Wealth Mgmt reported 0% in BroadSoft Inc (NASDAQ:BSFT). Symphony Asset Ltd Liability reported 0.16% in BroadSoft Inc (NASDAQ:BSFT). Alyeska Grp Inc Ltd Partnership invested in 0.14% or 384,333 shares. Swiss Bank & Trust accumulated 48,200 shares or 0% of the stock. Tiaa Cref Inv Management Ltd holds 0% of its portfolio in BroadSoft Inc (NASDAQ:BSFT) for 84,334 shares.

Ancora Advisors Llc holds 0.65% of its portfolio in Edgewater Technology Inc. for 1.18 million shares. Teton Advisors Inc. owns 705,520 shares or 0.53% of their US portfolio. Moreover, Ariel Investments Llc has 0.16% invested in the company for 1.76 million shares. The New York-based Bbr Partners Llc has invested 0.09% in the stock. Beaumont Financial Partners Llc, a Massachusetts-based fund reported 32,780 shares.

About 3,857 shares traded. Edgewater Technology Inc. (EDGW) has declined 14.34% since July 17, 2016 and is downtrending. It has underperformed by 31.04% the S&P500.

Since January 1, 0001, it had 10 buys, and 0 insider sales for $2.68 million activity.

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