American Software, Inc. (NASDAQ:AMSWA) President H Allan Dow sold 7,421 shares of American Software stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $15.13, for a total value of $112,279.73. Following the completion of the transaction, the president now directly owns 63,575 shares in the company, valued at $961,889.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
H Allan Dow also recently made the following trade(s):
- On Friday, November 29th, H Allan Dow sold 4,383 shares of American Software stock. The shares were sold at an average price of $15.90, for a total transaction of $69,689.70.
- On Monday, December 2nd, H Allan Dow sold 100 shares of American Software stock. The shares were sold at an average price of $15.89, for a total value of $1,589.00.
- On Wednesday, November 27th, H Allan Dow sold 32,935 shares of American Software stock. The stock was sold at an average price of $15.90, for a total value of $523,666.50.
NASDAQ:AMSWA traded up $0.13 during trading hours on Thursday, hitting $15.28. 53,962 shares of the company traded hands, compared to its average volume of 76,618. American Software, Inc. has a one year low of $9.51 and a one year high of $17.11. The company has a market cap of $488.23 million, a PE ratio of 54.57 and a beta of 0.53. The firm’s 50-day simple moving average is $15.77 and its 200-day simple moving average is $14.75. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.02.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. American Software had a net margin of 6.51% and a return on equity of 7.76%. The firm had revenue of $28.21 million during the quarter, compared to analyst estimates of $28.21 million. As a group, equities research analysts expect that American Software, Inc. will post 0.22 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake 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 buying an additional 1,075 shares during the period. Usca Ria LLC bought a new stake in shares of American Software in the third quarter valued at approximately $29,000. Bank of Montreal Can lifted its stake in shares of American Software by 206.5% during the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock valued at $46,000 after buying an additional 2,387 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of American Software during the 2nd quarter valued at approximately $67,000. Finally, Russell Investments Group Ltd. bought a new position in American Software in the 3rd quarter worth approximately $90,000. 76.62% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on AMSWA. Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th. BidaskClub cut shares of American Software from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. B. Riley downgraded American Software from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Tuesday, November 19th. Finally, ValuEngine downgraded American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average 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.
Read More: Why do analysts give a neutral rating?
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.
