BidaskClub Upgrades American Software (AMSWA) to Buy

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American Software (NASDAQ:AMSWA) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also issued reports on AMSWA. ValuEngine upgraded shares of American Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 6th. Zacks Investment Research upgraded shares of American Software from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, July 4th. Finally, B. Riley increased their target price on shares of American Software from $14.50 to $18.00 and gave the company a “buy” rating in a research report on Friday, June 22nd.

American Software stock opened at $15.95 on Friday. The stock has a market cap of $491.08 million, a PE ratio of 44.31 and a beta of 0.74. American Software has a one year low of $9.00 and a one year high of $16.45.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, June 21st. The software maker reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $29.36 million during the quarter, compared to analyst estimates of $28.59 million. American Software had a net margin of 10.69% and a return on equity of 10.02%. research analysts expect that American Software will post 0.45 EPS for the current fiscal year.

In other American Software news, CFO Vincent C. Klinges sold 6,626 shares of the company’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $14.73, for a total value of $97,600.98. Following the completion of the sale, the chief financial officer now directly owns 103,464 shares of the company’s stock, valued at approximately $1,524,024.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Michael Edenfield sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $14.77, for a total transaction of $295,400.00. Following the sale, the director now directly owns 435,723 shares of the company’s stock, valued at $6,435,628.71. The disclosure for this sale can be found here. Insiders sold a total of 68,028 shares of company stock valued at $1,023,139 in the last quarter. 11.24% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of American Software by 126.5% in the first quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock worth $122,000 after purchasing an additional 5,244 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of American Software in the fourth quarter worth approximately $148,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Software in the second quarter worth approximately $191,000. Citadel Advisors LLC purchased a new stake in shares of American Software in the second quarter worth approximately $437,000. Finally, Bailard Inc. lifted its position in shares of American Software by 77.2% in the second quarter. Bailard Inc. now owns 42,000 shares of the software maker’s stock worth $612,000 after purchasing an additional 18,300 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

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), 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.

Further Reading: Book Value Per Share – BVPS

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