American Software (NASDAQ:AMSWA) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday, December 18th, BidAskClub reports.
Several other research firms have also commented on AMSWA. B. Riley lowered American Software from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Tuesday, November 19th. ValuEngine cut American Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research cut American Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Two research 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’s stock. American Software has a consensus rating of “Hold” and an average target price of $14.68.
Shares of American Software stock traded down $0.28 on Wednesday, hitting $14.86. The company’s stock had a trading volume of 61,351 shares, compared to its average volume of 67,363. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.74 and a current ratio of 2.74. American Software has a 1 year low of $10.18 and a 1 year high of $17.11. The firm has a fifty day moving average price of $15.28 and a 200-day moving average price of $14.84. The company has a market capitalization of $483.59 million, a price-to-earnings ratio of 53.07 and a beta of 0.50.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. 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 during the quarter, compared to analyst estimates of $28.21 million. As a group, analysts forecast that American Software will post 0.22 EPS for the current year.
In related news, President H Allan Dow sold 4,383 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $15.90, for a total value of $69,689.70. Following the transaction, the president now directly owns 60,537 shares in the company, valued at $962,538.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 44,839 shares of company stock worth $707,225 over the last quarter. 11.19% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of American Software during the first quarter worth $156,000. FMR LLC boosted its stake in 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 acquiring an additional 1,075 shares in the last quarter. Aperio Group LLC acquired a new position in American Software in the second quarter valued at $67,000. Wells Fargo & Company MN boosted its stake in American Software by 42.5% in the second quarter. Wells Fargo & Company MN now owns 295,164 shares of the software maker’s stock valued at $3,882,000 after acquiring an additional 88,054 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in 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 in the last quarter. 76.62% of the stock is currently owned by institutional investors.
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.
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