Application Software

Wells Fargo has initiated coverage on the following companies: BMC Software (NASDAQ: BMC) Outperform, valuation range $45-$50 Citrix Systems (NASDAQ: CTXS) Outperform, valuation range $65-$70 Red Hat (NYSE: RHT) Outperform, valuation range $45-$50

Sapiens International Corporation N.V. (NASDAQ: SPNS), a provider of insurance software solutions and a member of the Formula Group (NASDAQ: FORTY), announced today that Tokio Marine Management, Inc has selected Sapiens' RapidSure Policy Administration and Reinsurance solutions to enhance its...

Tyler Technologies, Inc. (NYSE: TYL) has signed an agreement with Sussex County, Del., for Tyler's Munis enterprise resource planning solution. The agreement, valued at approximately $1.1 million, includes related professional services, maintenance and support.

Synopsys, Inc. (Nasdaq: SNPS) today announced a multi-year extension of their OEM agreement for Synopsys FPGA synthesis tools. The agreement continues to make Synopsys' FPGA logic synthesis technology available to Achronix customers by expanding support of Synopsys' Synplify Pro® software to...

S1 Corporation (Nasdaq: SONE) today responded to the unsolicited and conditional exchange offer announced on August 30, 2011 by ACI Worldwide, Inc. (Nasdaq: ACIW). Subject to the terms and various conditions set forth in the exchange offer, ACI seeks to acquire each outstanding share of S1 common...

Wunderlich is out with its report today on The Ultimate Software Group (NASDAQ: ULTI), initiating ULTI at Buy. In its report, Wunderlich writes, "In our view, Ultimate's accelerated revenue and earnings growth, combined with its recurring and predictable financial model, create a compelling...

Piper Jaffray is out with a research report on Adobe (NASDAQ: ADBE) and is lowering its price target to $30 from $36, but is keeping its Neutral rating on shares. In a note to clients, Piper Jaffray writes, "Checks with half (10) of Adobe's 20 US license distributors suggest Aug. quarter (Q3)...

Blackboard Inc. (Nasdaq: BBBB), today announced the launch of a cloud-based learning management solution developed specifically for corporations focused on sales training and professional development.

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average jumped 86 points to 11,578.00 and S&P 500 index futures rose 10 points to 1,214.80. Nasdaq 100 futures gained 18.50 points to 2,245.50. A Peek Into...

According to Wunderlich Securities, Salesforce.com (NYSE: CRM) coverage is initiated with a Buy rating. Wunderlich Securities said that it is initiating coverage of Salesforce.com (CRM) with a Buy rating and $168.00 price target. “As the best scaled, and perhaps most defensible SaaS player, and...

According to Wunderlich Securities, Concur Technologies (NASDAQ: CNQR) coverage is initiated with a Buy rating. Wunderlich Securities said that it is initiating coverage of Concur Technologies (CNQR) with a Buy rating and $56.00 price target. “As one of the best scaled, profitable, and most...

Salesforce.com (NYSE: CRM) and D&B (NYSE: DNB) today announced an alliance to make D&B the exclusive provider of company information on 200 million global businesses for Data.com. Data.com will seamlessly integrate D&B's company information with Jigsaw's complete contact information to...

Piper Jaffray has lowered the price target on Adobe Systems (NASDAQ: ADBE) from $36 to $30 and maintains its Neutral rating.

Wunderlich Securities has initiated coverage on Salesforce.com (NYSE: CRM) with a Buy rating and $168 price target.

Wunderlich Securities has initiated coverage on Concur Technologies (NASDAQ: CNQR) with a Buy rating and $56 price target.