Concur Technologies Inc. Sets New 1-Year High at $115.68 (CNQR)
Concur Technologies (NASDAQ:CNQR) set a new 52-week high during trading on Thursday, StockRatingsNetwork reports. The stock traded as high as $115.68 and last traded at $114.18, with a volume of 475,273 shares. The stock had previously closed at $112.55.
A number of analysts have recently weighed in on CNQR shares. Analysts at Deutsche Bank upgraded shares of Concur Technologies from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $125.00 price target on the stock, up previously from $100.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Concur Technologies in a research note to investors on Friday, November 15th. They now have a $102.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of Concur Technologies from $110.00 to $120.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $103.86.
In other Concur Technologies news, COO Rajeev Singh unloaded 44,471 shares of Concur Technologies stock on the open market in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $107.95, for a total transaction of $4,800,644.45. Following the sale, the chief operating officer now directly owns 140,884 shares of the company’s stock, valued at approximately $15,208,428. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Concur Technologies has a one year low of $62.01 and a one year high of $114.32. The stock’s 50-day moving average is $100.6 and its 200-day moving average is $100.4. The company’s market cap is $6.415 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.13. The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $152.13 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.70 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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