Advent Software (ADVS) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Advent Software (NASDAQ:ADVS) announced its earnings results on Monday. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.04, American Banking News reports. The company had revenue of $100.40 million for the quarter, compared to the consensus estimate of $97.82 million.
In other Advent Software news, EVP Todd Gottula unloaded 3,862 shares of Advent Software stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $31.30, for a total transaction of $120,880.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ADVS. Analysts at Sandler O’Neill raised their price target on shares of Advent Software from $33.00 to $35.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. On a related note, analysts at Raymond James initiated coverage on shares of Advent Software in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.80.
Advent Software (NASDAQ:ADVS) traded down 0.22% on Monday, hitting $31.22. The stock had a trading volume of 217,412 shares. Advent Software has a 1-year low of $25.42 and a 1-year high of $36.11. The stock’s 50-day moving average is $32.09 and its 200-day moving average is $30.83. The company has a market cap of $1.607 billion and a price-to-earnings ratio of 60.99. Advent Software also saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 1,820,985 shares, a growth of 39.7% from the June 30th total of 1,303,829 shares. Approximately 4.5% of the shares of the company are sold short. Based on an average daily trading volume, of 176,822 shares, the days-to-cover ratio is currently 10.3 days.
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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