ValuEngine cut shares of American Software (NASDAQ:AMSWA) from a strong-buy rating to a buy rating in a report published on Monday morning, ValuEngine reports.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of American Software from a buy rating to a hold rating in a report on Monday, July 15th. BidaskClub upgraded shares of American Software from a hold rating to a buy rating in a report on Thursday, September 12th. B. Riley upgraded shares of American Software from a neutral rating to a buy rating and increased their target price for the stock from $13.00 to $17.00 in a report on Thursday, August 29th. Finally, William Blair restated an outperform rating on shares of American Software in a report on Thursday, June 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. American Software presently has a consensus rating of Buy and an average price target of $14.68.
American Software stock opened at $14.93 on Monday. The stock has a market capitalization of $473.31 million, a PE ratio of 53.89 and a beta of 0.56. American Software has a twelve month low of $8.99 and a twelve month high of $16.06. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $14.32 and a 200-day moving average of $13.24.
American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. American Software had a net margin of 6.04% and a return on equity of 7.57%. The company had revenue of $27.38 million during the quarter, compared to analysts’ expectations of $27.49 million. Equities analysts anticipate that American Software will post 0.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, November 21st. American Software’s dividend payout ratio (DPR) is currently 157.14%.
In other news, Director J Michael Edenfield sold 6,020 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $14.36, for a total value of $86,447.20. Following the transaction, the director now directly owns 421,743 shares of the company’s stock, valued at $6,056,229.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vincent C. Klinges sold 3,231 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $15.21, for a total transaction of $49,143.51. Following the completion of the transaction, the chief financial officer now directly owns 100,069 shares in the company, valued at $1,522,049.49. The disclosure for this sale can be found here. Insiders have sold 150,508 shares of company stock worth $2,224,968 over the last ninety days. Insiders own 11.19% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of American Software by 13.6% in the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock valued at $105,000 after purchasing an additional 946 shares during the period. FMR LLC raised its position in shares of American Software by 107.5% in the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after purchasing an additional 1,075 shares during the period. Bessemer Group Inc. raised its position in shares of American Software by 1.5% in the second quarter. Bessemer Group Inc. now owns 102,500 shares of the software maker’s stock valued at $1,348,000 after purchasing an additional 1,500 shares during the period. Bank of Montreal Can raised its position in shares of American Software by 206.5% in the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock valued at $46,000 after purchasing an additional 2,387 shares during the period. Finally, Teton Advisors Inc. raised its position in shares of American Software by 1.4% in the second quarter. Teton Advisors Inc. now owns 224,380 shares of the software maker’s stock valued at $2,951,000 after purchasing an additional 3,000 shares during the period. 77.63% of the stock is currently 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), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning 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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