Advent Software Now Covered by Raymond James (ADVS)
Equities research analysts at Raymond James started coverage on shares of Advent Software (NASDAQ:ADVS) in a research note issued to investors on Friday. The firm set a “market perform” rating on the stock.
A number of other firms have also recently commented on ADVS. Analysts at Sandler O’Neill upgraded shares of Advent Software from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $33.00 price target on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Advent Software in a research note on Tuesday, April 29th. They now have a $30.00 price target on the stock, down previously from $38.00. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.30.
Advent Software (NASDAQ:ADVS) opened at 30.51 on Friday. Advent Software has a one year low of $25.42 and a one year high of $36.21. The stock’s 50-day moving average is $29.39 and its 200-day moving average is $31.2. The company has a market cap of $1.570 billion and a P/E ratio of 60.45.
Advent Software (NASDAQ:ADVS) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $96.54 million. During the same quarter last year, the company posted $0.32 earnings per share. Advent Software’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Advent Software will post $1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 26th.
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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