American Software (NASDAQ:AMSWA) issued 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, Yahoo Finance reports. American Software had a return on equity of 7.82% 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.
Shares of American Software stock opened at $15.81 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $498.72 million, a price-to-earnings ratio of 54.83 and a beta of 0.53. American Software has a 52 week low of $8.99 and a 52 week high of $17.11. The stock’s 50-day simple moving average is $16.12 and its 200-day simple moving average is $14.46.
In other news, Director Dennis Hogue sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $15.21, for a total transaction of $45,630.00. Following the transaction, the director now owns 9,274 shares of the company’s stock, valued at $141,057.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President H Allan Dow sold 32,935 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $15.90, for a total value of $523,666.50. Following the transaction, the president now directly owns 89,089 shares in the company, valued at approximately $1,416,515.10. The disclosure for this sale can be found here. Insiders sold 216,097 shares of company stock worth $3,292,327 over the last quarter. 11.19% of the stock is owned by company insiders.
Several analysts recently commented on AMSWA shares. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. ValuEngine downgraded American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. B. Riley downgraded American Software from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Tuesday, November 19th. Finally, BidaskClub downgraded American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. American Software has an average rating of “Hold” and a consensus target price 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.
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