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Solera Holdings (NYSE:SLH) shares traded down 8.8% during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings, Analyst Ratings Network.com reports. The stock traded as low as $61.03 and last traded at $61.34, with a volume of 1,290,417 shares trading hands. The stock had previously closed at $67.29.

The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.10. The company had revenue of $267.90 million for the quarter, compared to the consensus estimate of $265.78 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 23rd. Stockholders of record on Tuesday, September 9th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.16%.

SLH has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Solera Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $67.30 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Solera Holdings currently has an average rating of “Hold” and an average target price of $69.61.

The stock’s 50-day moving average is $65.36 and its 200-day moving average is $65.68. The company has a market cap of $4.219 billion and a price-to-earnings ratio of 5176.15.

Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.

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