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Advent Software (NASDAQ:ADVS) CEO David Peter Hess unloaded 2,669 shares of Advent Software stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $31.54, for a total transaction of $84,180.26. Following the completion of the transaction, the chief executive officer now directly owns 159,459 shares of the company’s stock, valued at approximately $5,029,337. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Advent Software (NASDAQ:ADVS) opened at 31.36 on Thursday. Advent Software has a 1-year low of $25.42 and a 1-year high of $36.11. The stock has a 50-day moving average of $32.09 and a 200-day moving average of $30.54. The company has a market cap of $1.617 billion and a P/E ratio of 38.86.

Advent Software (NASDAQ:ADVS) last issued its quarterly earnings data 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. On average, analysts predict that Advent Software will post $1.41 earnings per share for the current fiscal year.

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, August 15th. 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $34.63.

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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