Advent Software CEO Sells $84,180 in Stock (ADVS)
Advent Software (NASDAQ:ADVS) CEO David Peter Hess sold 2,669 shares of Advent Software stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $31.54, for a total transaction of $84,180.26. Following the sale, the chief executive officer now directly owns 159,459 shares of the company’s stock, valued at approximately $5,029,337. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
ADVS has been the subject of a number of recent research reports. Analysts at Sidoti initiated coverage on shares of Advent Software in a research note on Friday. They set a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Advent Software in a research note on Tuesday, July 29th. They now have a $34.50 price target on the stock, down previously from $36.00. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.63.
Shares of Advent Software (NASDAQ:ADVS) traded up 0.61% during mid-day trading on Tuesday, hitting $31.98. The stock had a trading volume of 434,836 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 $32.14 and its 200-day moving average is $30.53. The company has a market cap of $1.649 billion and a price-to-earnings ratio of 38.62.
Advent Software (NASDAQ:ADVS) last announced its earnings results on Monday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Advent Software will post $1.41 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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