June 7:
Solera Holdings (NYSE:SLH) CEO Tony Aquila sold 42,469 shares of Solera Holdings stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $65.67, for a total transaction of $2,788,939.23. Following the completion of the transaction, the chief executive officer now directly owns 305,436 shares of the company’s stock, valued at approximately $20,057,982. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of Solera Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $72.10 price target on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Solera Holdings currently has an average rating of “Hold” and an average target price of $70.30.
Shares of Solera Holdings (NYSE:SLH) traded up 0.32% on Friday, hitting $65.93. The stock had a trading volume of 205,413 shares. Solera Holdings has a 52-week low of $50.39 and a 52-week high of $71.15. The stock’s 50-day moving average is $65.45 and its 200-day moving average is $66.74. The company has a market cap of $4.536 billion and a P/E ratio of 5055.38.
Solera Holdings (NYSE:SLH) last announced its earnings results on Wednesday, May 7th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $262.40 million for the quarter, compared to the consensus estimate of $261.29 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Analysts expect that Solera Holdings will post $2.86 EPS for the current fiscal year.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
Source: http://tickerreport.com/banking-finance/229338/insider-selling-tony-aquila-sells-42469-shares-of-solera-holdings-stock-slh/?
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