A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, March 2nd. B. Riley decreased their price target on American Software from $24.50 to $23.00 in a research note on Thursday, February 24th. Finally, Sidoti increased their price target on American Software from $26.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, December 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $30.25.
American Software stock traded down $0.38 during mid-day trading on Friday, hitting $20.59. The company’s stock had a trading volume of 91,487 shares, compared to its average volume of 101,074. The company has a 50 day moving average of $21.54 and a 200-day moving average of $24.48. The stock has a market cap of $690.96 million, a PE ratio of 55.65 and a beta of 0.75. American Software has a one year low of $18.41 and a one year high of $33.26.
American Software (NASDAQ:AMSWA – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. American Software had a return on equity of 9.77% and a net margin of 10.09%. The business had revenue of $32.42 million for the quarter, compared to the consensus estimate of $30.27 million. During the same quarter in the prior year, the company earned $0.07 EPS. Analysts expect that American Software will post 0.31 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of AMSWA. Eagle Bay Advisors LLC purchased a new position in shares of American Software in the third quarter valued at approximately $38,000. FMR LLC lifted its position in shares of American Software by 107.5% in the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after acquiring an additional 1,075 shares in the last quarter. Strs Ohio purchased a new position in shares of American Software in the third quarter valued at approximately $66,000. Advisor Group Holdings Inc. lifted its position in shares of American Software by 387.2% in the third quarter. Advisor Group Holdings Inc. now owns 3,118 shares of the software maker’s stock valued at $74,000 after acquiring an additional 2,478 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of American Software by 308.4% in the third quarter. Macquarie Group Ltd. now owns 3,753 shares of the software maker’s stock valued at $89,000 after acquiring an additional 2,834 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors.
About American Software (Get Rating)
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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