Advent Software Short Interest Up 39.7% in July (ADVS)
Shares of Advent Software (NASDAQ:ADVS) saw a significant growth in short interest during the month of 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, Analyst Ratings.Net reports. Based on an average daily volume of 176,822 shares, the days-to-cover ratio is currently 10.3 days. Currently, 4.5% of the company’s shares are short sold.
In other Advent Software news, EVP Todd Gottula sold 3,862 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $31.30, for a total value of $120,880.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ADVS. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Advent Software in a research note on Tuesday. They now have a $34.50 price target on the stock, down previously from $36.00. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.74.
Advent Software (NASDAQ:ADVS) opened at 33.35 on Wednesday. Advent Software has a 52 week low of $25.42 and a 52 week high of $36.11. The stock has a 50-day moving average of $32.14 and a 200-day moving average of $30.72. The company has a market cap of $1.716 billion and a price-to-earnings ratio of 60.88.
Advent Software (NASDAQ:ADVS) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.04. The company had revenue of $100.40 million for the quarter, compared to the consensus estimate of $97.82 million. During the same quarter last year, the company posted $0.37 earnings per share. Advent Software’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Advent Software will post $1.38 EPS for the current fiscal year.
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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