Vise Technologies Inc. Takes $555,000 Position in Everest Group, Ltd. $EG

Vise Technologies Inc. acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,552 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in shares of Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after acquiring an additional 90 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Everest Group in the 2nd quarter valued at $384,000. Marshall Wace LLP bought a new position in shares of Everest Group during the 2nd quarter valued at $238,000. Jump Financial LLC bought a new position in shares of Everest Group during the 2nd quarter valued at $1,510,000. Finally, Federated Hermes Inc. raised its position in Everest Group by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock worth $4,898,000 after purchasing an additional 510 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

Shares of Everest Group stock opened at $376.64 on Tuesday. The firm has a market cap of $14.44 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.73 and a beta of 0.29. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $367.10 and its two-hundred day simple moving average is $347.23.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, beating the consensus estimate of $14.52 by $0.33. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $16.10 earnings per share. As a group, equities analysts expect that Everest Group, Ltd. will post 52.91 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, September 9th. Everest Group’s payout ratio is currently 16.92%.

Analysts Set New Price Targets

Several research firms have issued reports on EG. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Cantor Fitzgerald lifted their price objective on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Atlantic Securities set a $484.00 target price on Everest Group in a research note on Wednesday, July 15th. TD Cowen increased their target price on Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $395.27.

Everest Group Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.