American Software, Inc. (NASDAQ:AMSWA) was the recipient of a significant growth in short interest in November. As of November 29th, there was short interest totalling 366,400 shares, a growth of 14.3% from the November 14th total of 320,600 shares. Based on an average daily volume of 82,900 shares, the short-interest ratio is currently 4.4 days. Approximately 1.3% of the shares of the company are short sold.
American Software stock traded down $0.04 during mid-day trading on Friday, reaching $15.06. 56,639 shares of the company traded hands, compared to its average volume of 44,170. American Software has a 52-week low of $9.78 and a 52-week high of $17.11. The firm has a market capitalization of $481.20 million, a price-to-earnings ratio of 53.79 and a beta of 0.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.74 and a quick ratio of 2.74. The firm’s 50 day moving average price is $15.50 and its 200 day moving average price is $14.82.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $28.21 million for the quarter, compared to analysts’ expectations of $28.21 million. American Software had a net margin of 6.51% and a return on equity of 7.76%. On average, sell-side analysts anticipate that American Software will post 0.22 EPS for the current year.
AMSWA has been the subject of several research analyst reports. BidaskClub lowered shares of American Software from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. ValuEngine lowered shares of American Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. B. Riley lowered 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. Finally, Zacks Investment Research lowered shares of American Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.68.
In other news, President H Allan Dow sold 4,383 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $15.90, for a total value of $69,689.70. Following the completion of the transaction, the president now directly owns 60,537 shares in the company, valued at $962,538.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 44,839 shares of company stock valued at $707,225 in the last quarter. Corporate insiders own 11.19% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cloverdale Capital Management LLC increased its holdings in American Software by 54.7% in the 2nd quarter. Cloverdale Capital Management LLC now owns 1,079,966 shares of the software maker’s stock worth $14,202,000 after acquiring an additional 381,849 shares in the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 115,149 shares in the last quarter. Wells Fargo & Company MN increased its holdings in American Software by 42.5% in the 2nd quarter. Wells Fargo & Company MN now owns 295,164 shares of the software maker’s stock worth $3,882,000 after acquiring an additional 88,054 shares in the last quarter. Millennium Management LLC purchased a new stake in American Software in the 3rd quarter worth approximately $821,000. Finally, BlackRock Inc. increased its holdings in American Software by 2.4% in the 2nd quarter. BlackRock Inc. now owns 2,042,185 shares of the software maker’s stock worth $26,855,000 after acquiring an additional 48,350 shares in the last quarter. 76.62% of the stock is owned by hedge funds and other institutional investors.
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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