American Software, Inc. (NASDAQ:AMSWA) Given Average Recommendation of “Buy” by Brokerages

American Software, Inc. (NASDAQ:AMSWA) has received a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $17.00.

Several analysts have recently weighed in on AMSWA shares. ValuEngine downgraded American Software from a “strong-buy” rating to a “buy” rating in a report on Monday, September 16th. B. Riley raised American Software from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $17.00 in a report on Thursday, August 29th. BidaskClub downgraded American Software from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. William Blair reissued an “outperform” rating on shares of American Software in a report on Thursday, June 20th. Finally, Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th.

Shares of American Software stock traded up $0.36 on Wednesday, hitting $15.60. The stock had a trading volume of 48,093 shares, compared to its average volume of 125,583. American Software has a 52-week low of $8.99 and a 52-week high of $16.06. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. The stock has a market cap of $473.00 million, a price-to-earnings ratio of 55.71 and a beta of 0.55. The company’s 50 day moving average price is $14.48 and its 200 day moving average price is $13.33.



American Software (NASDAQ:AMSWA) last posted its 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 return on equity of 7.57% and a net margin of 6.04%. The business had revenue of $27.38 million during the quarter, compared to the consensus estimate of $27.49 million. Analysts predict that American Software will post 0.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, November 21st. American Software’s dividend payout ratio is presently 157.14%.

In other American Software news, insider Bryan L. Sell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $13.05, for a total transaction of $52,200.00. Following the completion of the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $52,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vincent C. Klinges sold 35,038 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.21, for a total value of $532,927.98. Following the sale, the chief financial officer now directly owns 131,876 shares of the company’s stock, valued at $2,005,833.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,999 shares of company stock valued at $2,738,134. 11.19% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of AMSWA. Dimensional Fund Advisors LP raised its stake in shares of American Software by 1.3% during the 4th 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. BNP Paribas Arbitrage SA raised its stake in shares of American Software by 2,671.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock worth $72,000 after buying an additional 5,770 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of American Software during the 1st quarter worth approximately $909,000. Martingale Asset Management L P raised its stake in shares of American Software by 200.4% during the 1st quarter. Martingale Asset Management L P now owns 175,415 shares of the software maker’s stock worth $2,097,000 after buying an additional 117,015 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of American Software by 2.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,625,468 shares of the software maker’s stock worth $31,374,000 after buying an additional 72,845 shares in the last quarter. 77.62% of the stock is 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.

Further Reading: What does a neutral rating on stocks mean?

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