American Software, Inc. (NASDAQ:AMSWA) President H Allan Dow sold 7,421 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $15.13, for a total value of $112,279.73. Following the sale, the president now owns 63,575 shares in the company, valued at $961,889.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
H Allan Dow also recently made the following trade(s):
- On Friday, November 29th, H Allan Dow sold 4,383 shares of American Software stock. The shares were sold at an average price of $15.90, for a total value of $69,689.70.
- On Monday, December 2nd, H Allan Dow sold 100 shares of American Software stock. The shares were sold at an average price of $15.89, for a total value of $1,589.00.
- On Wednesday, November 27th, H Allan Dow sold 32,935 shares of American Software stock. The shares were sold at an average price of $15.90, for a total value of $523,666.50.
NASDAQ AMSWA opened at $15.06 on Friday. The firm has a market cap of $482.13 million, a P/E ratio of 53.79 and a beta of 0.51. The stock’s 50-day moving average is $15.50 and its two-hundred day moving average is $14.82. American Software, Inc. has a fifty-two week low of $9.78 and a fifty-two week high of $17.11. 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 issued its quarterly earnings results on Thursday, November 21st. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $28.21 million. On average, equities analysts expect that American Software, Inc. will post 0.22 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMSWA. FMR LLC raised its stake in shares of 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. Usca Ria LLC bought a new position in American Software in the 3rd quarter worth approximately $29,000. Bank of Montreal Can raised its position in American Software by 206.5% in the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after purchasing an additional 2,387 shares during the last quarter. Aperio Group LLC bought a new position in American Software in the 2nd quarter worth approximately $67,000. Finally, Russell Investments Group Ltd. bought a new position in American Software in the 3rd quarter worth approximately $90,000. 76.62% of the stock is currently owned by institutional investors.
AMSWA has been the subject of a number of research reports. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. BidaskClub lowered American Software from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. 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, ValuEngine lowered American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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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