A number of other brokerages have also issued reports on AMSWA. B. Riley upgraded shares of American Software from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.00 to $17.00 in a research note on Thursday, August 29th. ValuEngine upgraded shares of American Software from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 26th. William Blair restated an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. Finally, Zacks Investment Research lowered shares of American Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.68.
Shares of NASDAQ AMSWA traded down $0.08 during trading hours on Thursday, hitting $15.20. 160,390 shares of the stock were exchanged, compared to its average volume of 75,165. The company has a quick ratio of 2.61, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. American Software has a 12 month low of $8.99 and a 12 month high of $16.06. The company has a market cap of $474.64 million, a PE ratio of 54.29 and a beta of 0.56. The firm has a fifty day moving average price of $14.11 and a 200-day moving average price of $13.13.
In other news, Director J Michael Edenfield sold 6,020 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $14.36, for a total value of $86,447.20. Following the sale, the director now directly owns 421,743 shares of the company’s stock, valued at approximately $6,056,229.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James R. Mcguone sold 3,981 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.23, for a total transaction of $60,630.63. Following the completion of the sale, the insider now directly owns 3,981 shares in the company, valued at $60,630.63. The disclosure for this sale can be found here. Insiders have sold a total of 84,499 shares of company stock worth $1,236,366 in the last 90 days. 11.19% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in AMSWA. Granite Investment Partners LLC boosted its holdings in American Software by 86.9% during the first quarter. Granite Investment Partners LLC now owns 89,059 shares of the software maker’s stock worth $1,065,000 after buying an additional 41,399 shares in the last quarter. Bessemer Group Inc. boosted its holdings in American Software by 1.5% during the second quarter. Bessemer Group Inc. now owns 102,500 shares of the software maker’s stock worth $1,348,000 after buying an additional 1,500 shares in the last quarter. Aperio Group LLC purchased a new stake in American Software during the second quarter worth $67,000. Dimensional Fund Advisors LP boosted its holdings in American Software by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,155,992 shares of the software maker’s stock worth $12,080,000 after buying an additional 15,304 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in American Software by 42.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 23,440 shares of the software maker’s stock worth $280,000 after buying an additional 6,973 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More: Capital gains and your 401(k) or IRA
Receive News & Ratings for American Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Software and related companies with MarketBeat.com's FREE daily email newsletter.