Advent Software Director Unloads $139,552 in Stock (ADVS)
Advent Software (NASDAQ:ADVS) Director Robert M. Tarkoff unloaded 4,361 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $32.00, for a total value of $139,552.00. Following the completion of the sale, the director now directly owns 5,034 shares of the company’s stock, valued at approximately $161,088. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Advent Software (NASDAQ:ADVS) last posted its quarterly earnings data 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.
A number of analysts have recently weighed in on ADVS shares. 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target 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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