American Software (NASDAQ:AMSWA) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
Other equities analysts have also issued research reports about the company. Maxim Group lifted their price target on American Software from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 19th. Sidoti boosted their price objective on American Software from $26.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, December 20th. Finally, B. Riley downgraded American Software from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Friday, November 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $35.00.
Shares of AMSWA stock traded down $0.54 on Friday, hitting $20.68. The stock had a trading volume of 116,115 shares, compared to its average volume of 100,552. The stock has a market cap of $688.40 million, a price-to-earnings ratio of 59.09 and a beta of 0.73. The business has a 50 day moving average of $23.95 and a 200 day moving average of $24.90. American Software has a 12-month low of $18.41 and a 12-month high of $33.26.
American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, November 18th. The software maker reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $31.21 million during the quarter, compared to analyst estimates of $29.99 million. American Software had a net margin of 9.96% and a return on equity of 9.50%. During the same quarter last year, the business earned $0.03 earnings per share. As a group, equities analysts forecast that American Software will post 0.27 earnings per share for the current year.
In other American Software news, CFO Vincent C. Klinges sold 6,527 shares of American Software stock in a transaction that occurred on Thursday, December 16th. The stock was sold at an average price of $24.50, for a total value of $159,911.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James C. Edenfield sold 15,600 shares of the company’s stock in a transaction on Tuesday, November 23rd. The shares were sold at an average price of $24.03, for a total value of $374,868.00. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Eagle Asset Management Inc. grew its stake in American Software by 7.4% during the fourth quarter. Eagle Asset Management Inc. now owns 488,909 shares of the software maker’s stock worth $12,755,000 after buying an additional 33,691 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in American Software by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 82,452 shares of the software maker’s stock valued at $2,158,000 after buying an additional 3,602 shares during the last quarter. Ranger Investment Management L.P. grew its position in shares of American Software by 7.0% in the 4th quarter. Ranger Investment Management L.P. now owns 396,868 shares of the software maker’s stock valued at $10,386,000 after acquiring an additional 25,806 shares during the period. JPMorgan Chase & Co. grew its position in shares of American Software by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 180,403 shares of the software maker’s stock valued at $4,722,000 after acquiring an additional 10,923 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of American Software by 42.2% during the 4th quarter. Citigroup Inc. now owns 16,273 shares of the software maker’s stock worth $426,000 after buying an additional 4,830 shares during the period. Institutional investors own 81.68% of the company’s stock.
American Software Company Profile
American Software, Inc engages in the development and marketing of supply chain management and enterprise software solutions. It operates through the following segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment offers supply chain optimization and retail planning solutions.
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