American Software (NASDAQ:AMSWA – Get Rating) will be announcing its earnings results after the market closes on Wednesday, August 24th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. American Software has set its FY 2023 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
American Software (NASDAQ:AMSWA – Get Rating) last issued its quarterly earnings data on Wednesday, June 8th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. American Software had a net margin of 10.02% and a return on equity of 9.97%. The firm had revenue of $34.65 million during the quarter, compared to the consensus estimate of $31.35 million. On average, analysts expect American Software to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
American Software Price Performance
Shares of AMSWA stock opened at $19.11 on Wednesday. American Software has a 1 year low of $15.02 and a 1 year high of $33.26. The firm has a fifty day moving average price of $17.03 and a 200-day moving average price of $18.57. The company has a market cap of $643.03 million, a price-to-earnings ratio of 50.29 and a beta of 0.84.
American Software Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, August 11th. American Software’s payout ratio is 115.79%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in American Software by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 83,729 shares of the software maker’s stock worth $1,745,000 after purchasing an additional 1,277 shares during the period. Envestnet Asset Management Inc. raised its position in American Software by 7.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,183 shares of the software maker’s stock worth $358,000 after purchasing an additional 1,505 shares during the period. Lazard Asset Management LLC raised its position in American Software by 20.9% in the 1st quarter. Lazard Asset Management LLC now owns 9,874 shares of the software maker’s stock worth $205,000 after purchasing an additional 1,708 shares during the period. Quantbot Technologies LP purchased a new stake in American Software in the 1st quarter worth about $37,000. Finally, Private Advisor Group LLC raised its position in American Software by 17.4% in the 1st quarter. Private Advisor Group LLC now owns 16,077 shares of the software maker’s stock worth $335,000 after purchasing an additional 2,381 shares during the period. Institutional investors own 82.09% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of American Software in a report on Thursday, June 9th. B. Riley raised shares of American Software from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, June 6th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $32.33.
American Software Company Profile
American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. The company operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers Logility Digital Supply Chain Platform, a cloud-architected supply chain management platform that helps manage seven critical planning processes, such as product, demand, inventory, supply, deploy, integrated business planning, and supply chain data management.
See Also
Receive News & Ratings for American Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Software and related companies with MarketBeat.com’s FREE daily email newsletter.
