American Software, Inc. (NASDAQ:AMSWA) – Research analysts at B. Riley reduced their Q3 2018 earnings estimates for American Software in a research note issued to investors on Friday. B. Riley analyst K. Liu now forecasts that the software maker will earn $0.05 per share for the quarter, down from their previous forecast of $0.06. B. Riley currently has a “Buy” rating and a $14.00 target price on the stock. B. Riley also issued estimates for American Software’s Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.28 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.33 EPS.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday.
Shares of American Software (AMSWA) traded down $0.20 during midday trading on Monday, hitting $11.78. 74,400 shares of the company’s stock were exchanged, compared to its average volume of 67,458. The company has a market capitalization of $356.13, a P/E ratio of 20.31 and a beta of 0.81. American Software has a one year low of $9.00 and a one year high of $13.05.
A number of large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of American Software in the second quarter valued at approximately $133,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of American Software in the third quarter valued at approximately $137,000. GSA Capital Partners LLP boosted its holdings in shares of American Software by 5.4% in the second quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock valued at $140,000 after buying an additional 700 shares during the period. Smith Asset Management Group LP acquired a new position in shares of American Software in the second quarter valued at approximately $142,000. Finally, Commonwealth Equity Services Inc acquired a new position in shares of American Software in the third quarter valued at approximately $167,000. 75.71% of the stock is owned by hedge funds and other institutional investors.
In other American Software news, CFO Vincent C. Klinges sold 7,185 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $11.14, for a total value of $80,040.90. Following the completion of the sale, the chief financial officer now owns 42,185 shares of the company’s stock, valued at $469,940.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Michael Edenfield sold 33,985 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $11.02, for a total transaction of $374,514.70. Following the completion of the sale, the director now directly owns 33,985 shares of the company’s stock, valued at approximately $374,514.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 173,862 shares of company stock valued at $1,921,848. 13.89% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Thursday, February 8th. American Software’s dividend payout ratio (DPR) is 74.58%.
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American Software Company Profile
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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