American Software (NASDAQ:AMSWA) 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, Yahoo Finance reports. American Software had a return on equity of 7.76% and a net margin of 6.51%. The company had revenue of $28.21 million for the quarter, compared to analysts’ expectations of $28.21 million.
American Software stock traded up $0.05 during mid-day trading on Monday, reaching $15.11. 60,059 shares of the stock traded hands, compared to its average volume of 76,444. The stock has a market capitalization of $482.80 million, a PE ratio of 53.96 and a beta of 0.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.74 and a quick ratio of 2.74. American Software has a 12-month low of $8.99 and a 12-month high of $17.11. The business’s 50-day moving average is $16.00 and its 200-day moving average is $14.63.
In other American Software news, 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 transaction of $523,666.50. Following the completion of the sale, the president now owns 89,089 shares of the company’s stock, valued at $1,416,515.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vincent C. Klinges sold 35,038 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.21, for a total value of $532,927.98. Following the sale, the chief financial officer now directly owns 131,876 shares of the company’s stock, valued at approximately $2,005,833.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,295 shares of company stock valued at $1,789,786. 11.19% of the stock is owned by company insiders.
A number of research analysts have issued reports on AMSWA shares. ValuEngine cut American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. B. Riley cut American Software from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Tuesday, November 19th. BidaskClub cut American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Zacks Investment Research cut American Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. 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 stock currently has a consensus rating of “Hold” and a consensus price target 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.
Featured Story: How Do Mutual Funds Work?
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.
