American Software (NASDAQ:AMSWA) released its quarterly earnings results on Thursday, November 21st. The software maker reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ 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 analyst estimates of $28.21 million.
AMSWA stock traded down $0.34 during trading on Friday, reaching $15.06. 80,160 shares of the company traded hands, compared to its average volume of 93,226. American Software has a 12 month low of $8.99 and a 12 month high of $17.11. The business has a 50 day simple moving average of $16.00 and a 200 day simple moving average of $14.63. The company has a market capitalization of $488.68 million, a price-to-earnings ratio of 53.79 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 2.74.
Several research firms recently weighed in on AMSWA. BidaskClub lowered American Software from a “buy” rating to a “hold” rating in a report 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 report on Tuesday, November 19th. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Finally, ValuEngine downgraded American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $14.68.
In other American Software news, Director James B. Miller, Jr. sold 1,690 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $14.92, for a total value of $25,214.80. Following the completion of the sale, the director now directly owns 66,301 shares in the company, valued at $989,210.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President H Allan Dow sold 32,935 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $15.90, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,160 shares of company stock worth $2,069,531. 11.19% of the stock is owned by corporate insiders.
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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