American Software (NASDAQ:AMSWA – Get Rating) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.
A number of other brokerages also recently issued reports on AMSWA. William Blair reiterated an “outperform” rating on shares of American Software in a research note on Thursday, June 9th. B. Riley upgraded shares of American Software from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, June 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $32.33.
American Software Stock Performance
Shares of NASDAQ:AMSWA traded down $0.68 during midday trading on Friday, hitting $16.94. The company’s stock had a trading volume of 139,666 shares, compared to its average volume of 102,415. American Software has a 12-month low of $15.02 and a 12-month high of $33.26. The company has a market cap of $570.01 million, a P/E ratio of 48.40 and a beta of 0.84. The business’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $18.40.
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American Software (NASDAQ:AMSWA – Get Rating) last released its quarterly earnings data on Wednesday, June 8th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. American Software had a net margin of 9.24% and a return on equity of 9.25%. The firm had revenue of $34.65 million during the quarter, compared to analysts’ expectations of $31.35 million. On average, sell-side analysts predict that American Software will post 0.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System purchased a new position in American Software in the 4th quarter valued at about $221,000. Campbell & CO Investment Adviser LLC increased its stake in shares of American Software by 37.7% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 18,100 shares of the software maker’s stock valued at $474,000 after acquiring an additional 4,951 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of American Software by 2.2% during the 1st quarter. William Blair Investment Management LLC now owns 956,151 shares of the software maker’s stock valued at $19,926,000 after acquiring an additional 20,653 shares during the last quarter. Martin & Co. Inc. TN increased its stake in shares of American Software by 4.4% during the 1st quarter. Martin & Co. Inc. TN now owns 180,465 shares of the software maker’s stock valued at $3,761,000 after acquiring an additional 7,649 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of American Software by 7.4% during the 4th quarter. Eagle Asset Management Inc. now owns 488,909 shares of the software maker’s stock valued at $12,755,000 after acquiring an additional 33,691 shares during the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.
About American Software
American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. The company operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers Logility Digital Supply Chain Platform, a cloud-architected supply chain management platform that helps manage seven critical planning processes, such as product, demand, inventory, supply, deploy, integrated business planning, and supply chain data management.
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