Insider Selling: Solera Holdings CEO Sells 5,000 Shares of Stock (SLH)
Solera Holdings (NYSE:SLH) CEO Tony Aquila unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $66.00, for a total value of $330,000.00. Following the transaction, the chief executive officer now directly owns 305,436 shares in the company, valued at approximately $20,158,776. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Solera Holdings (NYSE:SLH) traded down 0.09% on Thursday, hitting $65.86. 147,791 shares of the company’s stock traded hands. Solera Holdings has a one year low of $50.39 and a one year high of $71.15. The stock’s 50-day moving average is $65.61 and its 200-day moving average is $66.73. The company has a market cap of $4.531 billion and a price-to-earnings ratio of 5070.77.
Solera Holdings (NYSE:SLH) last posted its quarterly earnings results 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. Analysts expect that Solera Holdings will post $2.86 EPS for the current fiscal year.
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 company’s stock. The stock presently has an average rating of “Hold” and an average target price of $70.30.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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