Advent Software Insider Sells $116,887,500 in Stock (ADVS)
Advent Software (NASDAQ:ADVS) Insider Tpg Advisors Vi, Inc. sold 3,750,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $31.17, for a total transaction of $116,887,500.00. 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, 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Advent Software presently has a consensus rating of “Buy” and a consensus target price of $34.63.
Shares of Advent Software (NASDAQ:ADVS) traded up 0.51% on Thursday, hitting $31.52. 317,674 shares of the company’s stock traded hands. Advent Software has a one year low of $25.42 and a one year high of $36.11. The stock’s 50-day moving average is $32.09 and its 200-day moving average is $30.54. The company has a market cap of $1.625 billion and a P/E ratio of 38.10.
Advent Software (NASDAQ:ADVS) last released its 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. 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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