Insider Selling: David Peter Hess Unloads 3,500 Shares of Advent Software Stock (ADVS)
Advent Software (NASDAQ:ADVS) CEO David Peter Hess sold 3,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $34.95, for a total value of $122,325.00. Following the transaction, the chief executive officer now directly owns 61,710 shares in the company, valued at approximately $2,156,765. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ADVS. Analysts at Jefferies Group initiated coverage on shares of Advent Software in a research note to investors on Friday, December 20th. They set a “hold” rating and a $38.00 price target 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 Wednesday, December 18th. They now have a $35.20 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 Friday, November 1st. They now have a $31.90 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.80.
Advent Software (NASDAQ:ADVS) traded down 1.45% during mid-day trading on Friday, hitting $34.71. 141,683 shares of the company’s stock traded hands. Advent Software has a 52-week low of $23.25 and a 52-week high of $36.21. The stock’s 50-day moving average is $34.66 and its 200-day moving average is $32.03. The company has a market cap of $1.771 billion and a P/E ratio of 72.02.
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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that Advent Software will post $1.30 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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