Advent Software PT Raised to $39.00 at Wedbush (ADVS)
Equities research analysts at Wedbush lifted their price objective on shares of Advent Software (NASDAQ:ADVS) from $34.00 to $39.00 in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Wedbush’s target price points to a potential upside of 18.29% from the stock’s previous close.
Other equities research analysts have also recently issued reports about 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. 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Advent Software has an average rating of “Hold” and an average target price of $35.30.
In other Advent Software news, SVP John P. Brennan sold 9,110 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $33.82, for a total transaction of $308,100.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Advent Software (NASDAQ:ADVS) traded down 1.73% during mid-day trading on Tuesday, hitting $32.97. 431,442 shares of the company’s stock traded hands. Advent Software has a 1-year low of $20.85 and a 1-year high of $36.21. The stock has a 50-day moving average of $32.34 and a 200-day moving average of $30.8. The company has a market cap of $1.723 billion and a price-to-earnings ratio of 72.78.
Advent Software (NASDAQ:ADVS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.03. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $94.64 million. During the same quarter last year, the company posted $0.26 earnings per share. Advent Software’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Advent Software will post $1.29 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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