Concur Technologies CFO Sells $110,740 in Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) CFO Francis Pelzer unloaded 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $110.74, for a total value of $110,740.00. Following the sale, the chief financial officer now directly owns 24,756 shares of the company’s stock, valued at approximately $2,741,479. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CNQR. Analysts at Robert W. Baird raised their price target on shares of Concur Technologies from $110.00 to $115.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Concur Technologies from $79.00 to $97.00 in a research note to investors on Friday, September 27th. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse reiterated a “buy” rating on shares of Concur Technologies in a research note to investors on Monday, September 23rd. They now have a $118.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.82.
Concur Technologies (NASDAQ:CNQR) traded down 1.88% on Monday, hitting $108.61. 573,128 shares of the company’s stock traded hands. Concur Technologies has a 1-year low of $57.70 and a 1-year high of $114.32. The stock has a 50-day moving average of $104.9 and a 200-day moving average of $86.37. The company’s market cap is $6.085 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Wednesday, July 31st. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.15. The company had revenue of $138.70 million for the quarter, compared to the consensus estimate of $139.15 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.86 EPS for the current fiscal year.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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