5 Software Stocks to Buy Now According to Jim Davidson’s Silver Lake Partners

3. EverCommerce Inc. (NASDAQ:EVCM)

Silver Lake Partners’ Stake Value: $1,056,591,000
Percentage of Silver Lake Partners’ 13F Portfolio: 4.97%
Number of Hedge Fund Holders: 11

EverCommerce Inc. (NASDAQ:EVCM) delivers small and medium-sized enterprises with integrated software-as-a-service solutions. Elite hedge funds hold significant stakes in EverCommerce Inc. (NASDAQ:EVCM). Among the hedge funds tracked by Insider Monkey, Silver Lake Partners is a leading shareholder in EverCommerce Inc. (NASDAQ:EVCM), with 67.09 million shares worth more than $1.06 billion.

On March 15, Deutsche Bank analyst Brad Zelnick maintained a Buy recommendation on EverCommerce Inc. (NASDAQ:EVCM) but lowered his price objective to $16 from $18. According to the analyst, the speed with which EverCommerce Inc. (NASDAQ:EVCM) invests, especially given the present market climate, would likely temper with some sales growth euphoria.

Hedge fund sentiment has lately declined for EverCommerce Inc. (NASDAQ:EVCM). Long hedge fund positions fell to 11 at the end of the fourth quarter, from 12 at the end of the previous quarter.