BMC Software Inc. (BMC) completed a $500 million sale of 10-year bonds in the U.S. credit markets Wednesday, according to a person familiar with the deal.

The 4.25% coupon bonds were priced to yield 4.316%, or 235 basis points over Treasurys.

Standard & Poor’s rated the senior unsecured notes BBB-plus on Wednesday. They are expected to be rated Baa2 by Moody’s Investors Service. The bonds are registered with the Securities and Exchange Commission.

The software, cloud-computing and information-technology management solutions company is raising funds for general corporate purposes, which could include repurchasing common stock or acquiring assets and businesses.

The bonds feature a change of control provision allowing investors to redeem the bonds at 101 cents on the dollar should the company be acquired. The provision safeguards investors from a leveraged buyout. An investor may also redeem the bonds if they are downgraded below investment grade.

Bank of America Merrill Lynch and J.P. Morgan are leading the sale.

Source:http://online.wsj.com/article/BT-CO-20120208-714430.html

Business software company BMC Software Inc. said Wednesday its profit grew 10 percent in the fiscal third quarter on greater maintenance and professional service revenue.

Over the three months ended Dec. 31, BMC said its profit increased to $119.9 million, or 71 cents per share, from $109.1 million, or 60 cents per share. Excluding one-time items, BMC said its profit rose to 93 cents per share. Revenue rose 2 percent, to $548.2 million from $539.9 million.

Analysts were forecasting a profit of 82 cents per share and revenue of $556.8 million, according to estimates compiled by FactSet.

BMC said its license revenue fell 4 percent to $225 million, but maintenance revenue rose 5 percent to $272.3 million and professional service revenue grew 11 percent to $50.9 million.

The company raised its profit forecast for the full year, saying it now expects adjusted income of $3.26 to $3.34 per share for the fiscal year ending in March. That estimate includes about 4 cents per share in charges related to its planned acquisition of Numara Software, and it excludes about 90 to 95 cents per share in one-time charges. BMC previously forecast an adjusted profit of $3.21 to $3.31 per share.

The company agreed to buy Numara, which provides information technology management services, on Monday. BMC says the deal will cost about $300 million and the purchase should be completed during the fiscal fourth quarter.

BMC still expects its full-year revenue to grow in the mid-single digits from the $2.07 billion it reported in fiscal 2011.

Analysts are forecasting a profit of $3.24 per share and $2.19 billion in revenue, which implies revenue growth of 6 percent.

Shares of BMC Software fell 40 cents to $35.86 Wednesday, and rebounded 29 cents to $36.15 in aftermarket trading following the release of the earnings report.

Source:http://abcnews.go.com/Technology/wireStory/bmc-software-3q-profit-rises-10-percent-15493141#.Tyn6FsXrqgQ

Gives customers the access to IT management capabilities geared to their unique requirements

Business Service Management (BSM) firm BMC Software has entered into a definitive agreement to purchase integrated IT management offerings provider Numara Software.

With the acquisition, BMC will be able to further accelerate the growth of Software-as-a-Service (SaaS) business, as well as giving customers access to IT management capabilities geared to their unique requirements.

In addition, the acquisition will create a broad portfolio of IT management offerings and services with flexibility and choice for mid-sized organisations that have around 500 to 5,000 employees.

BMC’s expanded offering will include the Numara FootPrints product; the BMC Remedyforce Service Desk offering; as well as BMC Network Automation as part of the BMC Bladelogic Automation Suite; BMC Atrium Discovery and Dependency Mapping; and BMC End User Experience Management as part of the BMC Application Management Suite.

BMC will now offer Numara’s Track-It! help desk and asset management offering for smaller organisations and these products complement BMC’s offerings for large enterprises.

BMC Enterprise Service Management president Paul Avenant said BMC can now effectively serve the entire spectrum of organisations hungry for IT management with products that truly meet the specific needs of their businesses.

“Numara’s solutions, customer base and sales and channel partners will round out BMC’s market leadership in Business Service Management and focus on customer care and support.

Source:http://enterpriseapplications.cbronline.com/news/bmc-to-acquire-numara-software-310112

It’s been a less-than-stellar session on Wall Street, as all-too-familiar anxieties about European debt have resurfaced ahead of tomorrow’s Italian bond auction. With the major market indexes sitting on notable losses, the number of stocks at new annual lows has swelled. The NYSE tallies 93 equities at 52-week highs, along with 37 names at new lows. Meanwhile, the Nasdaq reports just 19 annual highs, compared to 56 fresh lows. Fastenal Company (FAST – 43.81) is among the dozens of stocks hitting bullish technical landmarks today, while BMC Software, Inc. (BMC – 32.25) has backpedaled to an annual nadir.

First up, FAST touched an intraday peak of $44.28 — marking a new all-time best for the shares. The stock has gained an impressive 46.5% in 2011, and FAST’s rise has been underlined by support at its 10-week moving average since September.

With the stock exploring previously uncharted territory in today’s trading, it’s no surprise to find call volume ramping up on FAST. So far, more than 4,300 calls have crossed the tape, representing about eight times the equity’s expected volume. Most active is the January 2012 42.50 call, where 3,212 contracts have been exchanged. The majority of these contracts traded closer to the ask price, suggesting they were most likely purchased.

On the other hand, BMC bottomed out at $32.20, representing a new two-year low for the stock. The software specialist has shed roughly 30% of its value in 2011, with the most recent leg of BMC’s downtrend highlighted by resistance at its 10-day and 20-day moving averages.

On the sentiment front, short interest on BMC surged by 28.6% over the past month, but these bearish bets account for a fairly tame 1.9% of the equity’s float. If bears continue to pile on, the resulting selling pressure could send BMC to fresh multi-year lows during the near term.

Source:http://www.schaeffersresearch.com/commentary/content/highs+lows+fastenal+and+bmc+software/trading_floor_blog.aspx?single=true&blogid=109380

BMC Software BMC -0.62% today announced plans to support Cisco(R) Network Services Manager across its cloud management product line, including BMC Network Automation and BMC Cloud Lifecycle Management. BMC and Cisco have a broader strategic alliance with more than 25 successful joint cloud customers, including Telstra, QTS and Harris Corp.

Cisco Network Services Manager, which was announced by Cisco yesterday, will be aggressively supported by BMC across its cloud management product lines. This integration with Cisco’s innovative network management solution will provide simplicity and faster time to value for BMC and Cisco’s joint customers as well as extend support for heterogeneity in cloud environments.

“The introduction of the Cisco Network Services Manager to the market will not only simplify network provisioning, but will also strengthen the ability of partners such as BMC to utilize and deploy the latest Cisco cloud innovations more quickly to our global customer base,” said Nick Adamo, senior vice president, global service provider for Cisco. “Cisco’s strategic alliance with BMC brings our customers powerful validated and pre-tested cloud solutions.”

BMC has had a history of early integration with Cisco products, including embedded support for the Cisco Unified Computing System(TM) platform. By continued integration with Cisco Network Services Manager, BMC will further extend customers’ ability to create different levels of services capability, or “service tiers”, to meet application and deployment requirements.

Since announcing the strategic alliance one year ago, BMC and Cisco have implemented cloud solutions for service providers and large-scale cloud computing infrastructures. These solutions are the foundation of the success of the BMC and Cisco alliance resulting in tightly-aligned product roadmaps, technology architectures and development efforts as well as joint marketing, services, sales, testing and certification activities.

Cisco and BMC’s customers are building the next generation of hybrid and public clouds through innovative networking enhancements and management solutions. More than 25 global scale cloud customers are currently benefiting from the combined strength of both organizations. These customers are numbered among the hundreds of BMC-led cloud initiatives at enterprises and service providers.

“Cisco is a leader in networking and BMC is the leader in cloud management solutions. Together we are creating clouds that deliver real value to our global customers,” said Paul Avenant, BMC’s president of enterprise service management.

Source:http://www.marketwatch.com/story/bmc-software-and-cisco-deliver-superior-clouds-globally-2011-12-07

Equities research analysts at Citigroup (NYSE: C) lowered their price target on shares of BMC Software (NYSE: BMC) to $36.00 in a research issued note to investors on Thursday.

Separately, analysts at Jefferies cut their price target on shares of BMC Software to $50.00 in a research note to investors on Thursday, October 13rd. They now have a “buy” rating on the stock. Analysts at Collins Stewart cut their price target on shares of BMC Software from $62.00 to $50.00 in a research note to investors on Monday, October 10th. They now have a “buy” rating on the stock. Also, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of BMC Software in a research note to investors on Wednesday, August 31st. They set an “outperform” rating on the stock.

BMC Software, Inc. is a software vendor. The Company provides systems management, service management and automation solutions primarily for large enterprises. Its portfolio of software solutions include mainframe, distributed and virtualized systems, applications, databases and information technology (IT) process management functions. The Company also provides its customers with maintenance and support for its products and perform services for software implementation, integration, IT process design, and re-engineering and education. The Company operates in two segments: Enterprise Service Management (ESM) and Mainframe Service Management (MSM). In December 2009, the Company acquired Phurnace Software, Inc. (Phurnace Software). In October 2009, the Company acquired Tideway Systems Limited (Tideway Systems). In August 2009, it acquired MQSoftware, Inc. (MQSoftware). In October 2010, the Company acquired Neptuny’s software business.

Shares of BMC Software traded down 13.54% during mid-day trading on Thursday, hitting $33.39. BMC Software has a 52 week low of $37.19 and a 52 week high of $56.55. The stock’s 50-day moving average is $39.16 and its 200-day moving average is $46.61. The company has a market cap of $5.861 billion and a price-to-earnings ratio of 15.25.

Source:http://localizedusa.com/2011/10/27/bmc-software-bmc-shares-given-new-36-00-price-target-by-citigroup-c-analysts/