American Software, Inc. (AMSWA) Receives Average Rating of “Strong Buy” from Analysts

Shares of American Software, Inc. (NASDAQ:AMSWA) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a one year consensus target price of $14.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given American Software an industry rank of 163 out of 265 based on the ratings given to related companies.

AMSWA has been the topic of several recent analyst reports. Zacks Investment Research raised shares of American Software from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, September 25th. B. Riley boosted their target price on shares of American Software from $12.25 to $14.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.

Shares of American Software (NASDAQ:AMSWA) traded up $0.06 during trading hours on Monday, hitting $12.97. The stock had a trading volume of 126,000 shares, compared to its average volume of 84,022. American Software has a one year low of $9.00 and a one year high of $13.05. The firm has a market cap of $391.07, a P/E ratio of 21.98 and a beta of 0.81.

American Software (NASDAQ:AMSWA) last announced its earnings results on Thursday, November 30th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a net margin of 16.73% and a return on equity of 17.27%. analysts anticipate that American Software will post 0.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, February 8th. American Software’s dividend payout ratio (DPR) is presently 74.58%.

In other American Software news, Director J Michael Edenfield sold 26,579 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $11.91, for a total transaction of $316,555.89. Following the transaction, the director now directly owns 442,332 shares of the company’s stock, valued at $5,268,174.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James C. Edenfield sold 15,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $11.92, for a total transaction of $178,800.00. Following the transaction, the insider now directly owns 75,000 shares in the company, valued at $894,000. The disclosure for this sale can be found here. Insiders sold 141,118 shares of company stock worth $1,675,547 over the last ninety days. 13.89% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Dalton Greiner Hartman Maher & Co. increased its position in American Software by 36.5% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 246,544 shares of the software maker’s stock worth $2,867,000 after buying an additional 65,974 shares during the last quarter. Algert Global LLC acquired a new position in American Software during the third quarter worth $268,000. Dimensional Fund Advisors LP increased its position in American Software by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 987,406 shares of the software maker’s stock worth $11,217,000 after buying an additional 41,658 shares during the last quarter. Cadence Capital Management LLC increased its position in American Software by 5.1% during the third quarter. Cadence Capital Management LLC now owns 97,092 shares of the software maker’s stock worth $1,103,000 after buying an additional 4,674 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in American Software during the third quarter worth $274,000. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

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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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