American Software, Inc. (AMSWA) Receives Average Rating of “Hold” from Analysts

American Software, Inc. (NASDAQ:AMSWA) has been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.00.

Several research analysts recently issued reports on AMSWA shares. BidaskClub raised American Software from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. ValuEngine downgraded American Software from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Finally, William Blair initiated coverage on American Software in a research note on Wednesday. They issued an “outperform” rating for the company.

In related news, insider James C. Edenfield sold 17,805 shares of American Software stock in a transaction on Monday, March 25th. The shares were sold at an average price of $11.62, for a total value of $206,894.10. Following the transaction, the insider now directly owns 77,805 shares in the company, valued at approximately $904,094.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vincent C. Klinges sold 19,072 shares of American Software stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $11.76, for a total transaction of $224,286.72. Following the completion of the transaction, the chief financial officer now owns 115,910 shares in the company, valued at $1,363,101.60. The disclosure for this sale can be found here. Insiders have sold a total of 130,584 shares of company stock valued at $1,521,784 in the last quarter. Company insiders own 11.24% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Deprince Race & Zollo Inc. raised its stake in shares of American Software by 468.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 893,442 shares of the software maker’s stock worth $9,336,000 after buying an additional 736,266 shares during the last quarter. Ashford Capital Management Inc. grew its holdings in shares of American Software by 2,012.1% during the 3rd quarter. Ashford Capital Management Inc. now owns 718,105 shares of the software maker’s stock worth $8,711,000 after purchasing an additional 684,105 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of American Software by 10.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,552,623 shares of the software maker’s stock worth $26,675,000 after purchasing an additional 239,792 shares during the period. John G Ullman & Associates Inc. grew its holdings in shares of American Software by 37.9% during the 4th quarter. John G Ullman & Associates Inc. now owns 795,121 shares of the software maker’s stock worth $8,308,000 after purchasing an additional 218,416 shares during the period. Finally, Norges Bank purchased a new stake in shares of American Software during the 4th quarter worth about $712,000. Institutional investors own 77.07% of the company’s stock.

Shares of American Software stock traded down $0.11 during trading on Wednesday, reaching $12.03. The stock had a trading volume of 41,222 shares, compared to its average volume of 78,269. The firm has a market cap of $376.60 million, a price-to-earnings ratio of 33.42 and a beta of 0.64. American Software has a 52 week low of $8.99 and a 52 week high of $18.94.

American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Wednesday, February 20th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The firm had revenue of $27.00 million for the quarter, compared to analyst estimates of $28.91 million. American Software had a return on equity of 6.80% and a net margin of 5.54%. On average, analysts expect that American Software will post 0.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.44 dividend on an annualized basis and a yield of 3.66%. American Software’s dividend payout ratio (DPR) is currently 122.22%.

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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