American Software (AMSWA) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of American Software (NASDAQ:AMSWA) from a buy rating to a hold rating in a research report released on Wednesday.

According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “

AMSWA has been the topic of a number of other research reports. BidaskClub lowered shares of American Software from a hold rating to a sell rating in a report on Wednesday, February 7th. ValuEngine raised shares of American Software from a hold rating to a buy rating in a report on Friday, March 2nd.

AMSWA opened at $12.67 on Wednesday. The stock has a market capitalization of $385.23, a price-to-earnings ratio of 19.49 and a beta of 0.72. American Software has a twelve month low of $9.00 and a twelve month high of $13.69.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.09. The company had revenue of $30.12 million for the quarter, compared to analysts’ expectations of $27.03 million. American Software had a net margin of 19.22% and a return on equity of 18.65%. equities research analysts anticipate that American Software will post 0.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, May 10th. American Software’s dividend payout ratio is currently 89.80%.

In other news, CFO Vincent C. Klinges sold 9,863 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $13.39, for a total value of $132,065.57. Following the completion of the sale, the chief financial officer now directly owns 106,701 shares of the company’s stock, valued at approximately $1,428,726.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director J Michael Edenfield sold 10,551 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $13.35, for a total transaction of $140,855.85. Following the completion of the sale, the director now directly owns 416,004 shares of the company’s stock, valued at $5,553,653.40. The disclosure for this sale can be found here. Insiders have sold a total of 135,496 shares of company stock valued at $1,757,508 in the last three months. 13.89% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AMSWA. Bank of New York Mellon Corp increased its stake in American Software by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 538,443 shares of the software maker’s stock valued at $6,116,000 after purchasing an additional 24,298 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in American Software by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 987,406 shares of the software maker’s stock valued at $11,217,000 after purchasing an additional 41,658 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in American Software by 36.5% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 246,544 shares of the software maker’s stock valued at $2,867,000 after purchasing an additional 65,974 shares in the last quarter. Bank of Montreal Can increased its stake in American Software by 957.5% during the 4th quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock valued at $145,000 after purchasing an additional 11,270 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in American Software by 21.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 54,461 shares of the software maker’s stock valued at $634,000 after purchasing an additional 9,461 shares in the last quarter. 75.04% of the stock is owned by institutional investors.

American Software Company Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting. The SCM segment provides supply chain management solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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