Advent Software EVP Sells $1,128,384 in Stock (ADVS)
Advent Software (NASDAQ:ADVS) EVP Anthony Sperling sold 33,967 shares of Advent Software stock on the open market in a transaction dated Thursday, October 24th. The shares were sold at an average price of $33.22, for a total value of $1,128,383.74. Following the completion of the sale, the executive vice president now directly owns 53,695 shares of the company’s stock, valued at approximately $1,783,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of Advent Software from $30.00 to $32.00 in a research note to investors on Friday, September 20th. They now have a “hold” rating on the stock. Separately, analysts at Zacks upgraded shares of Advent Software from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $28.80 price target on the stock. Finally, analysts at Zacks downgraded shares of Advent Software from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, August 1st. They now have a $28.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Advent Software presently has an average rating of “Hold” and an average target price of $31.60.
Advent Software (NASDAQ:ADVS) traded up 0.92% during mid-day trading on Friday, hitting $34.03. The stock had a trading volume of 276,799 shares. Advent Software has a 52 week low of $20.85 and a 52 week high of $36.21. The stock has a 50-day moving average of $28.77 and a 200-day moving average of $29.51. The company has a market cap of $1.778 billion and a price-to-earnings ratio of 73.15.
Advent Software (NASDAQ:ADVS) last released its earnings data on Monday, July 29th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.07. The company had revenue of $96.12 million for the quarter, compared to the consensus estimate of $94.46 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Advent Software will post $1.25 EPS for the current fiscal year.
Advent Software, Inc (NASDAQ:ADVS) offers software and services, which automate work flows and data across investment management organizations, as well as the information flows between an investment management organization and external parties.
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