American Software (NASDAQ:AMSWA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The firm presently has a $12.00 price target on the software maker’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 8.70% from the company’s previous close.
According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “
A number of other equities analysts also recently issued reports on the stock. B. Riley raised shares of American Software from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $19.50 in a report on Friday, February 21st. TheStreet raised shares of American Software from a “c+” rating to a “b-” rating in a report on Thursday, February 20th. Finally, BidaskClub upgraded American Software from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.51.
AMSWA opened at $11.04 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 2.63. The company has a market capitalization of $352.75 million, a price-to-earnings ratio of 44.16 and a beta of 0.20. The firm’s fifty day moving average price is $15.14 and its two-hundred day moving average price is $15.36. American Software has a 1 year low of $9.05 and a 1 year high of $19.82.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. The firm had revenue of $30.60 million for the quarter, compared to the consensus estimate of $27.88 million. American Software had a net margin of 7.18% and a return on equity of 8.30%. As a group, equities analysts anticipate that American Software will post 0.27 EPS for the current year.
In other news, CFO Vincent C. Klinges sold 12,150 shares of American Software stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $16.76, for a total transaction of $203,634.00. Following the sale, the chief financial officer now directly owns 108,988 shares in the company, valued at approximately $1,826,638.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James C. Edenfield sold 18,000 shares of American Software stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $18.82, for a total value of $338,760.00. Following the sale, the chairman now owns 78,000 shares in the company, valued at $1,467,960. The disclosure for this sale can be found here. Insiders own 11.19% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AMSWA. Marshall Wace LLP bought a new stake in American Software in the 1st quarter valued at about $156,000. FMR LLC raised its stake in American Software by 107.5% in the 1st 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 period. California Public Employees Retirement System raised its stake in American Software by 46.0% in 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 acquiring an additional 32,625 shares during the period. Russell Investments Group Ltd. bought a new stake in American Software in the 3rd quarter valued at about $90,000. Finally, First Trust Advisors LP raised its stake in American Software by 34.3% in the 3rd quarter. First Trust Advisors LP now owns 67,001 shares of the software maker’s stock valued at $1,006,000 after acquiring an additional 17,126 shares during the period. Institutional investors and hedge funds own 77.37% 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.
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