American Software, Inc. (NASDAQ:AMSWA) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $14.50 for the company and are expecting 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 54 out of 265 based on the ratings given to related companies.
A number of research firms have commented on AMSWA. Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, March 7th. ValuEngine upgraded American Software from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, BidaskClub upgraded American Software from a “sell” rating to a “hold” rating in a research note on Friday, March 30th.
AMSWA stock traded down $0.08 during trading on Monday, reaching $13.62. 34,118 shares of the company traded hands, compared to its average volume of 50,065. American Software has a 12 month low of $9.00 and a 12 month high of $13.78. The company has a market cap of $416.55 million, a P/E ratio of 27.80 and a beta of 0.73.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. American Software had a return on equity of 18.65% and a net margin of 19.22%. The company had revenue of $30.12 million for the quarter, compared to the consensus estimate of $27.03 million. sell-side analysts predict that American Software will post 0.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, August 16th. American Software’s dividend payout ratio is currently 89.80%.
In related news, insider James R. Mcguone sold 7,200 shares of American Software stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $12.82, for a total transaction of $92,304.00. Following the completion of the transaction, the insider now directly owns 7,200 shares in the company, valued at $92,304. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vincent C. Klinges sold 9,863 shares of American Software stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $13.39, for a total value of $132,065.57. Following the transaction, the chief financial officer now owns 106,701 shares of the company’s stock, valued at $1,428,726.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,496 shares of company stock valued at $1,757,508. 13.89% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in American Software by 126.5% in the first quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock valued at $122,000 after purchasing an additional 5,244 shares during the period. Bank of Montreal Can boosted its stake in shares of American Software by 957.5% in the fourth quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock worth $145,000 after acquiring an additional 11,270 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of American Software in the fourth quarter worth approximately $148,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of American Software in the fourth quarter worth approximately $341,000. Finally, Bailard Inc. acquired a new stake in shares of American Software in the fourth quarter worth approximately $388,000. 74.52% of the stock is currently owned by institutional investors.
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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