Russell Investments Group Ltd. bought a new stake in shares of American Software, Inc. (NASDAQ:AMSWA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,000 shares of the software maker’s stock, valued at approximately $90,000.
Several other hedge funds have also added to or reduced their stakes in AMSWA. Rhumbline Advisers boosted its position in shares of American Software by 2.9% in the third quarter. Rhumbline Advisers now owns 50,093 shares of the software maker’s stock worth $752,000 after purchasing an additional 1,398 shares during the period. California Public Employees Retirement System lifted its stake in shares of American Software by 46.0% during the 3rd quarter. California Public Employees Retirement System now owns 103,614 shares of the software maker’s stock valued at $1,556,000 after buying an additional 32,625 shares in the last quarter. Aperio Group LLC purchased a new position in shares of American Software during the 2nd quarter valued at $67,000. Vanguard Group Inc. boosted its holdings in American Software by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,442,535 shares of the software maker’s stock worth $18,969,000 after buying an additional 115,149 shares during the period. Finally, Bailard Inc. purchased a new stake in American Software in the 3rd quarter worth $200,000. Hedge funds and other institutional investors own 76.62% of the company’s stock.
A number of research firms recently commented on AMSWA. ValuEngine cut American Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. B. Riley downgraded shares of American Software from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Tuesday, November 19th. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. Finally, BidaskClub cut American Software from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.68.
NASDAQ AMSWA traded down $0.03 on Friday, hitting $15.25. 65,243 shares of the stock were exchanged, compared to its average volume of 70,133. The firm has a market capitalization of $487.24 million, a P/E ratio of 54.46 and a beta of 0.53. 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, Inc. has a 52-week low of $9.51 and a 52-week high of $17.11. The stock has a fifty day moving average price of $15.73 and a two-hundred day moving average price of $14.77.
American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, November 21st. The software maker reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The business had revenue of $28.21 million during the quarter, compared to analyst estimates of $28.21 million. American Software had a net margin of 6.51% and a return on equity of 7.76%. Sell-side analysts expect that American Software, Inc. will post 0.22 earnings per share for the current fiscal 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 sale, the president now owns 60,537 shares in the company, valued at $962,538.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 44,839 shares of company stock worth $707,225. 11.19% of the stock is owned by insiders.
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.
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