BidaskClub cut shares of American Software (NASDAQ:AMSWA) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday, BidAskClub reports.
Several other research analysts have also issued reports on the company. ValuEngine lowered American Software from a buy rating to a hold rating in a research note on Wednesday, October 2nd. 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. Finally, Zacks Investment Research lowered 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 given a buy rating to the stock. American Software currently has an average rating of Hold and an average target price of $14.68.
Shares of AMSWA stock opened at $15.00 on Wednesday. The stock has a market cap of $479.28 million, a P/E ratio of 68.18 and a beta of 0.50. American Software has a one year low of $10.42 and a one year high of $17.11. The stock has a fifty day moving average price of $15.06 and a 200 day moving average price of $14.94. 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 (NASDAQ:AMSWA) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. American Software had a return on equity of 7.76% and a net margin of 6.51%. The firm had revenue of $28.21 million during the quarter, compared to analyst estimates of $28.21 million. Equities research analysts anticipate that American Software will post 0.22 EPS for the current year.
In other news, President H Allan Dow sold 32,935 shares of the firm’s 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 sale, the president now directly owns 89,089 shares in the company, valued at $1,416,515.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 44,839 shares of company stock valued at $707,225. 11.19% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Usca Ria LLC acquired a new stake in shares of American Software in the third quarter valued at $29,000. FMR LLC boosted its holdings 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in American Software in the fourth quarter valued at about $32,000. Bank of Montreal Can boosted its holdings 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 acquiring an additional 2,387 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in American Software in the third quarter valued at about $90,000. Institutional investors own 76.61% of the company’s stock.
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.
Read More: How do investors use RSI to grade stocks?
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.
