American Software Inc. (NASDAQ:AMSWA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “
Separately, B. Riley reiterated a “buy” rating and issued a $12.00 target price on shares of American Software in a research report on Tuesday, June 21st.
Shares of American Software (NASDAQ:AMSWA) opened at 10.82 on Wednesday. The company has a market capitalization of $314.89 million, a PE ratio of 33.81 and a beta of 0.72. The company’s 50-day moving average price is $10.85 and its 200-day moving average price is $10.01. American Software has a 1-year low of $8.56 and a 1-year high of $11.94.
American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, August 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. American Software had a net margin of 8.32% and a return on equity of 8.90%. On average, equities analysts expect that American Software will post $0.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, November 8th. American Software’s payout ratio is 137.50%.
Several hedge funds have recently made changes to their positions in the stock. Analytic Investors LLC purchased a new stake in shares of American Software during the second quarter worth approximately $198,000. BOKF NA raised its stake in shares of American Software by 0.4% in the second quarter. BOKF NA now owns 19,347 shares of the company’s stock worth $203,000 after buying an additional 80 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of American Software by 2.2% in the second quarter. Alliancebernstein L.P. now owns 22,792 shares of the company’s stock worth $239,000 after buying an additional 500 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of American Software during the second quarter worth approximately $252,000. Finally, Menta Capital LLC raised its stake in shares of American Software by 25.6% in the second quarter. Menta Capital LLC now owns 24,699 shares of the company’s stock worth $259,000 after buying an additional 5,029 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.
American Software Company Profile
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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