May 13, 2004
Securities and Exchange Commission
450 Fifth Street NW
Washington, DC 20549
RE: Schedule 13G
NetSmart Technologies, Inc.
As of April 30, 2004
Gentlemen:
In accordance with Section 13(d)(5) of the Securities Exchange Act of 1934,
attached please find a copy of Schedule 13G for the above named company
showing beneficial ownership of 5% or more as of April 30, 2004 filed on
behalf of Eagle Asset Management, Inc.
Very truly yours,
Damian Sousa
Vice President
Chief Compliance Officer
DS:jmw
Enclosures
cc: Office of the Corporate Secretary
NetSmart Technologies, Inc.
3500 Sunrise Highway, Suite D-122
Great River, NY
Securities Division
NASD Financial Center
33 Whitehall Street
New York, NY 10004
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
NetSmart Technologies, Inc.
(Name of Issuer)
Common Stock par value $.01 per share
(Title of Class of Securities)
64114W306
(CUSIP Number)
Check the following box if a fee is being paid with this statement _____.
A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
Page 1 of 5 Pages
CUSIP NO. 64114W306 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eagle Asset Management, Inc. 59-2385219
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) ______
(B) ______
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Florida
NUMBER OF 5 SOLE VOTING POWER
SHARES 498,000
BENEFICIALLY
OWNED 6 SHARED VOTING POWER
AS OF - - -
April 30, 2004 7 SOLE DISPOSITIVE POWER
BY EACH 498,000
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
WITH - - -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
498,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.34%
12 TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
Item 1(a) Name of Issuer:
NetSmart Technologies, Inc.
Item 1(b) Address of Issuer's Principal Executing Offices:
3500 Sunrise Highway, Suite D-122
Great River, NY 11739
Item 2(a) Name of Person Filing:
Eagle Asset Management, Inc.
Item 2(b) Address of Principal Business Office:
880 Carillon Parkway
St. Petersburg, Florida 33716
Item 2(c) Citizenship:
Florida
Item 2(d) Title of Class of Securities:
Common Stock par value $.01 per share
Item 2(e) CUSIP Number:
64114W306
Item 3 Type of Reporting Person:
(e) Investment Adviser registered under Section 203 of the
Investment Advisors Act of 1940
Page 3 of 5 Pages
Item 4 Ownership as of April 30, 2004:
(a) Amount Beneficially Owned:
498,000 shares of common stock beneficially owned including:
No. of Shares
Eagle Asset Management, Inc. 498,000
(b) Percent of Class: 9.34%
(c) Deemed Voting Power and Disposition Power:
(i) (ii) (iii) (iv)
Deemed Deemed
Deemed Deemed to have to have
to have to have Sole Power Shared Power
Sole Power Shared Power to Dispose to Dispose
to Vote or to Vote or or to or to
to Direct to Direct Direct the Direct the
to Vote to Vote Disposition Disposition
Eagle Asset 498,000 ---- 498,000 ----
Management, Inc.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following.
(____)
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7 Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company:
N/A
Page 4 of 5 Pages
Item 8 Identification and Classification of Members of the Group: N/A
Item 9 Notice of Dissolution of Group: N/A
Item 10 Certification:
By signing below I certify that to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course
of business and were not acquired for purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: May 13, 2004 EAGLE ASSET MANAGEMENT, INC.
_______________________________
Damian Sousa
Vice President
Chief Compliance Officer
Page 5 of 5 Pages