Insider Selling: Solera Holdings General Counsel Sells 10,400 Shares of Stock (SLH)
Solera Holdings (NYSE:SLH) General Counsel Jason M. Brady unloaded 10,400 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $65.83, for a total transaction of $684,632.00. Following the transaction, the general counsel now directly owns 42,180 shares in the company, valued at approximately $2,776,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Solera Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $72.10 price target on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $70.30.
Shares of Solera Holdings (NYSE:SLH) traded up 0.32% on Friday, hitting $65.93. The stock had a trading volume of 205,413 shares. Solera Holdings has a 52-week low of $50.39 and a 52-week high of $71.15. The stock has a 50-day moving average of $65.38 and a 200-day moving average of $66.74. The company has a market cap of $4.536 billion and a P/E ratio of 5055.38.
Solera Holdings (NYSE:SLH) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.02. The company had revenue of $262.40 million for the quarter, compared to the consensus estimate of $261.29 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts predict that Solera Holdings will post $2.86 earnings per share for the current fiscal year.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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