Insider Selling: Advent Software CFO Sells 2,726 Shares of Stock (ADVS)
Advent Software (NASDAQ:ADVS) CFO James S. Cox sold 2,726 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $34.95, for a total transaction of $95,273.70. Following the completion of the transaction, the chief financial officer now directly owns 35,944 shares of the company’s stock, valued at approximately $1,256,243. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Advent Software (NASDAQ:ADVS) traded up 0.98% during mid-day trading on Tuesday, hitting $35.05. 162,202 shares of the company’s stock traded hands. Advent Software has a 1-year low of $23.30 and a 1-year high of $36.21. The stock’s 50-day moving average is $34.67 and its 200-day moving average is $31.9. The company has a market cap of $1.789 billion and a P/E ratio of 70.98.
Advent Software (NASDAQ:ADVS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters 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.
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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.80.
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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