(NASDAQ:EVOL) shares saw heavy trading volume with 47K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 85.61% over the normal average daily volume.
Investors are more bullish on Evolving Systems Inc of late if you take into consideration the change in short interest. The stock recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -6.46%. Short interest fell 635 over that timeframe. The days to cover increased to 1.0 and the short interest percentage is 0.00% as of October 13.
These funds have shifted positions in (EVOL). As of quarter end Kokino LLC had bought a total of 395,612 shares growing its position 90.2%. The value in dollars went from $2,127,000 to $4,296,000 a change of 102.0% since the last quarter. As of the end of the quarter Acadian Asset Management LLC had acquired 287 shares growing its holdings by 6.8%. The value of the investment in (EVOL) decreased from $22,000 to $22,000 decreasing 0.0% for the reporting period.
As of quarter end Clarivest Asset Management LLC had bought a total of 1,105 shares growing its stake by 4.0%. The value of the company’s investment in Evolving Systems Inc decreased from $143,000 to $140,000 a change of $3,000 quarter to quarter. Dimensional Fund Advisors Lp augmented its holdings by buying 27,008 shares an increase of 28.8% in the quarter. Dimensional Fund Advisors Lp owns 120,797 shares with a value of $586,000. The value of the position overall is up by 21.3%.
The company is up since yesterday’s close of 4.55. The company currently has a P/E ratio of 13.35 and the market value is 57.61M. In the last earnings report the EPS was $0.34 with 11.94M shares presently outstanding.
Evolving Systems, Inc., launched on January 10, 1996, is a provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators around the world. The Company is involved in developing, deploying, integrating and maintaining software solutions. The Business’s software solutions support traditional and next generation network technologies, convergent service offerings, and advanced wireless and other broadband networks. The Company operates in two segments based on revenue type: license fees and services revenue, and customer support revenue. The Company offers software products and solutions in approximately five areas, including Mobile Analytics, Engagement and Advertising; Service activation solutions; Subscriber Identity Module (SIM) card activation and management solutions; Connected device solutions, and Number inventory and management solutions..