American Software, Inc. (NASDAQ:AMSWA) President H Allan Dow sold 32,935 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $15.90, for a total value of $523,666.50. Following the sale, the president now owns 89,089 shares in the company, valued at approximately $1,416,515.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of AMSWA stock opened at $15.81 on Friday. American Software, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $17.11. The firm has a market capitalization of $495.96 million, a price-to-earnings ratio of 56.46 and a beta of 0.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 2.60. The stock’s 50-day simple moving average is $16.12 and its 200-day simple moving average is $14.46.
American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, November 21st. The software maker reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. American Software had a return on equity of 7.82% and a net margin of 6.51%. The firm had revenue of $28.21 million during the quarter, compared to the consensus estimate of $28.21 million. As a group, equities analysts forecast that American Software, Inc. will post 0.22 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in American Software by 13.6% in the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock valued at $105,000 after acquiring an additional 946 shares during the period. FMR LLC lifted its stake in shares of American Software by 107.5% in the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after purchasing an additional 1,075 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of American Software by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 50,093 shares of the software maker’s stock valued at $752,000 after purchasing an additional 1,398 shares during the last quarter. Usca Ria LLC acquired a new position in shares of American Software in the 3rd quarter valued at $29,000. Finally, Bank of Montreal Can lifted its stake in shares of American Software by 206.5% in the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock valued at $46,000 after purchasing an additional 2,387 shares during the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on AMSWA shares. BidaskClub lowered American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. B. Riley lowered American Software from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research note on Tuesday, November 19th. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine lowered American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.68.
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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