Compuware Corp. VP Unloads $104,350 in Stock (CPWR)
Compuware Corp. (NASDAQ:CPWR) VP Siclen John Van unloaded 10,435 shares of the stock on the open market in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $10.00, for a total value of $104,350.00. Following the completion of the sale, the vice president now directly owns 10,438 shares in the company, valued at approximately $104,380. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CPWR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Compuware Corp. in a research note on Tuesday. They now have a $10.00 price target on the stock. Separately, analysts at Noble Financial reiterated a “buy” rating on shares of Compuware Corp. in a research note on Friday, May 23rd. They now have a $12.50 price target on the stock. Finally, analysts at TheStreet upgraded shares of Compuware Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $11.67.
Shares of Compuware Corp. (NASDAQ:CPWR) traded up 0.40% on Wednesday, hitting $10.03. 2,732,968 shares of the company’s stock traded hands. Compuware Corp. has a 1-year low of $9.66 and a 1-year high of $11.72. The stock’s 50-day moving average is $10.27 and its 200-day moving average is $10.56. The company has a market cap of $2.191 billion and a price-to-earnings ratio of 30.74. Compuware Corp. also was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 901,694 shares, a drop of 22.2% from the April 30th total of 1,159,394 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 888,006 shares, the short-interest ratio is presently 1.0 days.
Compuware Corp. (NASDAQ:CPWR) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.02. The company had revenue of $183.40 million for the quarter, compared to the consensus estimate of $211.23 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Compuware Corp. will post $0.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Monday, June 2nd.
Compuware Corporation provides software solutions (NASDAQ:CPWR) models), professional services and application services.
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