Edgewater Technology Inc. (EDGW) Stake Raised by Ariel Investments LLC

Ariel Investments LLC lifted its position in shares of Edgewater Technology Inc. (NASDAQ:EDGW) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,952,908 shares of the information technology services provider’s stock after purchasing an additional 36,905 shares during the period. Ariel Investments LLC owned about 0.14% of Edgewater Technology worth $12,186,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Roumell Asset Management LLC lifted its position in shares of Edgewater Technology by 15.2% during the 4th quarter. Roumell Asset Management LLC now owns 447,917 shares of the information technology services provider’s stock worth $2,795,000 after purchasing an additional 59,207 shares during the last quarter. K2 Principal Fund L.P. raised its holdings in shares of Edgewater Technology by 100.5% in the fourth quarter. K2 Principal Fund L.P. now owns 213,424 shares of the information technology services provider’s stock valued at $1,222,000 after buying an additional 106,997 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Edgewater Technology by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,006,771 shares of the information technology services provider’s stock valued at $6,876,000 after buying an additional 7,786 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Edgewater Technology by 0.4% in the second quarter. Vanguard Group Inc. now owns 405,122 shares of the information technology services provider’s stock valued at $2,767,000 after buying an additional 1,800 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Edgewater Technology by 5.4% in the second quarter. Northern Trust Corp now owns 36,321 shares of the information technology services provider’s stock valued at $247,000 after buying an additional 1,864 shares during the last quarter. 63.91% of the stock is owned by institutional investors and hedge funds.

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Shares of Edgewater Technology Inc. (NASDAQ:EDGW) opened at $6.26 on Friday. Edgewater Technology Inc. has a 1-year low of $5.58 and a 1-year high of $7.97. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.06. The company has a market cap of $88.72, a PE ratio of -11.18 and a beta of 1.46.

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About Edgewater Technology

Edgewater Technology, Inc is a provider of transformational classic and product-based consulting services. The Company helps the C-suite drive transformational change through its selection of business and technology services, and channel-based solutions. The classic consulting disciplines (such as business advisory, process improvement, organizational change management, mergers and acquisitions (M&A) 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.

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Institutional Ownership by Quarter for Edgewater Technology (NASDAQ:EDGW)

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