American Software (NASDAQ:AMSWA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday, November 20th, BidAskClub reports.
Other equities analysts have also recently issued reports about the company. B. Riley cut American Software from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a report on Tuesday, November 19th. ValuEngine downgraded American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.68.
Shares of AMSWA stock traded down $0.09 during midday trading on Wednesday, hitting $15.81. The company had a trading volume of 2,806 shares, compared to its average volume of 84,536. The company’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $14.45. American Software has a 52-week low of $8.99 and a 52-week high of $17.11. The stock has a market cap of $486.49 million, a price-to-earnings ratio of 56.46 and a beta of 0.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.60.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $28.21 million during the quarter, compared to analysts’ expectations of $28.21 million. American Software had a return on equity of 7.82% and a net margin of 6.51%. 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 company’s stock in a transaction dated 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 owns 89,089 shares of the company’s stock, valued at $1,416,515.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vincent C. Klinges sold 3,231 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $15.21, for a total value of $49,143.51. Following the completion of the sale, the chief financial officer now directly owns 100,069 shares of the company’s stock, valued at approximately $1,522,049.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,097 shares of company stock valued at $3,292,327. 11.19% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Cloverdale Capital Management LLC raised its stake in American Software by 54.7% during the second quarter. Cloverdale Capital Management LLC now owns 1,079,966 shares of the software maker’s stock valued at $14,202,000 after buying an additional 381,849 shares in the last quarter. Vanguard Group Inc. raised its position in shares of American Software by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,442,535 shares of the software maker’s stock worth $18,969,000 after purchasing an additional 115,149 shares during the period. Wells Fargo & Company MN raised its position in shares of American Software by 42.5% during the 2nd quarter. Wells Fargo & Company MN now owns 295,164 shares of the software maker’s stock worth $3,882,000 after purchasing an additional 88,054 shares during the period. Millennium Management LLC acquired a new stake in shares of American Software during the 3rd quarter worth approximately $821,000. Finally, BlackRock Inc. raised its position in shares of American Software by 2.4% during the 2nd quarter. BlackRock Inc. now owns 2,042,185 shares of the software maker’s stock worth $26,855,000 after purchasing an additional 48,350 shares during the period. Institutional investors and hedge funds own 78.06% 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.
Featured Story: Quantitative Easing
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.
