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New York, NY -- (SBWIRE) -- 03/13/2013 -- StockRunway.com issues special report on the Trending Application Software Stocks – Advent Software, Inc. (NASDAQ:ADVS), MICROS Systems, Inc (NASDAQ:MCRS), Red Hat, Inc.(NYSE:RHT).
Advent Software, Inc. (NASDAQ:ADVS) gained +11.55% with the closing price of $29.64 on report that the accounting software company is seeking potential buyers and has hired Frank Quattrone's investment bank Qatalyst Partners to lead the effort. The report disclosed that private equity firms showed high interest, and the process is in the second round of bidding.
The report added that a considerable price difference between the company and some of the possible buyers is present and it remains unclear whether the auction will lead to a transaction.
The overall volume in the last trading session was 1.33 million shares. Its fifty two week range was $20.85-$29.88. The total market capitalization remained $1.49 billion.
For How Long ADVS will Fight for Profitability? Read This Trend Analysis report
The stock is ahead its 52 week low with 42.16% and its last month price volatility remained 2.44%. Its beta coefficient was 1.00 with a target price of $26.75. In its share capital, the company has 50.49 million outstanding shares while 47.03 million shares have been floated in market.
It has insider ownership of 0.51% with institutional ownership remained 86.38%. Earnings per share this year grew 10.09% while the five year EPS growth rate was +26.37%.
MICROS Systems, Inc.(NASDAQ:MCRS) surged +7.60% and closed at $45.87 in the last trading session with the overall traded volume of 4.81 million shares, more versus the average volume of 1.17 million shares. The rally was seen after ValueAct Capital Management disclosed a stake in the maker of software for the hospitality and retail industries. The regulatory filing revealed that ValueAct bought 5.9 million shares or a 7.5 percent ownership, in Columbia, Maryland-based Micros Systems.
For How Long MCRS’s Gloss will Attract Investors? Find out via this report
Its 52 weeks high price was $58.49 and suffered lowest price of $39.31 in the same period. MCRS has current ratio of 2.52. It has market cap of $3.64 billion while its total outstanding shares are 79.34million. The stock beta value stands at 1.20 times.
Red Hat, Inc.(NYSE:RHT) declined -4.78% with the closing price of $50.60 after Citigroup analyst Walter Pritchard downgraded the stock from "Buy" to "Neutral" and reduced his price target by $8 to $56, citing concerns about slowing growth. The overall volume in the last trading session was 5.15 million shares. Its fifty two week range was $46.34-$62.75. The total market capitalization remained $9.78 billion.
Has RHT Found The Bottom and Ready To Move Up? Find Out Here
RHT is ahead its 52 week low with 9.19% and its last month price volatility remained 2.14%. Its beta coefficient was 1.27 with a target price of $61.27. In its share capital, the company has 193.19million outstanding shares while 192.61million shares have been floated in market. It has insider ownership of 0.38% with its institutional ownership remained 96.06%. EPS this year advanced 36.61% while the five year EPS growth rate was +20.67%.
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