ARI Network Services Inc. (ARIS) Position Boosted by Hancock Holding Co.
Hancock Holding Co. raised its stake in shares of ARI Network Services Inc. (NASDAQ:ARIS) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,064 shares of the company’s stock after buying an additional 1,504 shares during the period. Hancock Holding Co. owned approximately 0.15% of ARI Network Services worth $105,000 as of its most recent filing with the SEC.
Separately, Spark Investment Management LLC raised its position in ARI Network Services by 53.2% in the first quarter. Spark Investment Management LLC now owns 33,700 shares of the company’s stock valued at $147,000 after buying an additional 11,700 shares during the last quarter. Hedge funds and other institutional investors own 26.35% of the company’s stock.
ARI Network Services Inc. (NASDAQ:ARIS) traded up 2.02% during trading on Friday, reaching $4.55. The company had a trading volume of 22,569 shares. ARI Network Services Inc. has a 12 month low of $3.33 and a 12 month high of $5.47. The company has a market capitalization of $78.56 million, a P/E ratio of 50.56 and a beta of 0.12. The firm’s 50 day moving average is $4.48 and its 200-day moving average is $4.39.
Separately, Zacks Investment Research raised ARI Network Services from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Thursday, June 16th.
ARI Network Services Company Profile
ARI Network Services, Inc creates software-as-a-service (SaaS) and data-as-a-service (DaaS) solutions that help equipment manufacturers, distributors and dealers in selected vertical markets Sell More Stuff!- online and in-store. The Company’s solutions include Web Platform Solutions, eCatalog Platform Solutions and Lead Management Product.
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