BidaskClub downgraded shares of American Software (NASDAQ:AMSWA) from a sell rating to a strong sell rating in a report published on Wednesday, January 22nd, BidAskClub reports.
Several other equities research analysts have also commented on AMSWA. B. Riley lowered shares of American Software from a buy rating to a neutral rating and set a $17.00 price target for the company. in a report on Tuesday, November 19th. ValuEngine lowered shares of American Software from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of American Software from a hold rating to a sell rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.68.
Shares of AMSWA stock opened at $14.93 on Wednesday. The company’s fifty day moving average price is $15.01 and its 200-day moving average price is $15.01. American Software has a one year low of $10.42 and a one year high of $17.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market capitalization of $477.04 million, a price-to-earnings ratio of 67.87 and a beta of 0.50.
American Software (NASDAQ:AMSWA) last posted its earnings results on Thursday, November 21st. The software maker reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $28.21 million for the quarter, compared to the consensus estimate of $28.21 million. American Software had a net margin of 6.51% and a return on equity of 7.76%. Equities research analysts expect that American Software will post 0.22 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 6th. American Software’s dividend payout ratio (DPR) is presently 157.14%.
In other American Software news, President H Allan Dow sold 4,383 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $15.90, for a total transaction of $69,689.70. Following the transaction, the president now owns 60,537 shares in the company, valued at approximately $962,538.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 44,839 shares of company stock valued at $707,225. 11.19% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in American Software by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock worth $105,000 after buying an additional 946 shares in the last quarter. FMR LLC boosted its holdings in American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after buying an additional 1,075 shares in the last quarter. Rhumbline Advisers boosted its holdings in American Software by 2.9% during the third quarter. Rhumbline Advisers now owns 50,093 shares of the software maker’s stock worth $752,000 after buying an additional 1,398 shares in the last quarter. Usca Ria LLC purchased a new stake in American Software during the third quarter worth $29,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in American Software during the fourth quarter worth $32,000. 76.62% of the stock is currently owned by institutional investors and hedge funds.
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), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning 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.
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