American Software, Inc. (NASDAQ:AMSWA) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $14.50 for the company and are anticipating that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also given American Software an industry rank of 72 out of 265 based on the ratings given to its competitors.
Several research firms have recently issued reports on AMSWA. Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. BidaskClub upgraded American Software from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. Finally, ValuEngine upgraded American Software from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd.
Shares of American Software stock traded up $0.11 during trading on Monday, hitting $13.23. 689 shares of the company were exchanged, compared to its average volume of 59,929. The firm has a market capitalization of $398.91 million, a P/E ratio of 27.00 and a beta of 0.73. American Software has a 1-year low of $9.00 and a 1-year high of $13.69.
American Software (NASDAQ:AMSWA) last posted its earnings results on Thursday, February 22nd. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The company had revenue of $30.12 million during the quarter, compared to analyst estimates of $27.03 million. American Software had a return on equity of 18.65% and a net margin of 19.22%. equities research analysts expect that American Software will post 0.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.11 dividend. The ex-dividend date is Thursday, August 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.33%. American Software’s dividend payout ratio is presently 89.80%.
In related news, CFO Vincent C. Klinges sold 9,863 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $13.39, for a total value of $132,065.57. Following the completion of the transaction, the chief financial officer now directly owns 106,701 shares in the company, valued at approximately $1,428,726.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Michael Edenfield sold 10,551 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $13.35, for a total value of $140,855.85. Following the completion of the transaction, the director now 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 sold a total of 135,496 shares of company stock valued at $1,757,508 over the last quarter. 13.89% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of AMSWA. Russell Investments Group Ltd. lifted its stake in American Software by 126.5% in the 1st quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock valued at $122,000 after acquiring an additional 5,244 shares in the last quarter. Bank of Montreal Can lifted its stake in American Software by 957.5% in the 4th quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock valued at $145,000 after acquiring an additional 11,270 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in American Software in the 4th quarter valued at approximately $148,000. Municipal Employees Retirement System of Michigan bought a new stake in American Software in the 4th quarter valued at approximately $341,000. Finally, Bailard Inc. bought a new stake in American Software in the 4th quarter valued at approximately $388,000. Institutional investors and hedge funds own 74.52% of the company’s stock.
About American Software
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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