American Software, Inc. (NASDAQ:AMSWA) was the target of a significant increase in short interest in November. As of November 29th, there was short interest totalling 366,400 shares, an increase of 14.3% from the November 14th total of 320,600 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 82,900 shares, the short-interest ratio is presently 4.4 days.
AMSWA traded up $0.22 on Friday, hitting $14.85. 196,302 shares of the company were exchanged, compared to its average volume of 89,067. The firm has a 50-day moving average price of $15.88 and a two-hundred day moving average price of $14.70. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.02. The company has a market cap of $474.46 million, a price-to-earnings ratio of 53.04 and a beta of 0.53. American Software has a twelve month low of $8.99 and a twelve month high of $17.11.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $28.21 million for the quarter, compared to analyst estimates of $28.21 million. American Software had a net margin of 6.51% and a return on equity of 7.76%. Equities analysts expect that American Software will post 0.22 EPS for the current year.
In related news, President H Allan Dow sold 32,935 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $15.90, for a total value of $523,666.50. Following the completion of the transaction, the president now directly owns 89,089 shares of the company’s stock, valued at approximately $1,416,515.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vincent C. Klinges sold 1,738 shares of American Software stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $15.20, for a total transaction of $26,417.60. Following the sale, the chief financial officer now directly owns 98,576 shares in the company, valued at approximately $1,498,355.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,177 shares of company stock worth $927,401. Insiders own 11.19% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in AMSWA. JPMorgan Chase & Co. boosted its holdings in shares of 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 boosted its stake in American Software by 107.5% during the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares during the period. Rhumbline Advisers grew its position in American Software by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 50,093 shares of the software maker’s stock worth $752,000 after purchasing an additional 1,398 shares during the last quarter. Usca Ria LLC purchased a new position in American Software during the 3rd quarter worth $29,000. Finally, Bank of Montreal Can increased its stake in American Software by 206.5% in the second 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 period. 78.06% of the stock is owned by hedge funds and other institutional investors.
AMSWA has been the subject of a number of recent research reports. BidaskClub downgraded American Software from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered shares of American Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. Finally, B. Riley lowered shares of American Software from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. American Software has an average rating of “Hold” and an average price target of $14.68.
About American Software
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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