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

American Software, Inc. (NASDAQ:AMSWA) has received an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.02.

A number of research analysts have recently commented on AMSWA shares. William Blair started coverage on American Software in a report on Wednesday, April 3rd. They set an “outperform” rating and a $12.03 price objective on the stock. ValuEngine raised American Software from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, BidaskClub raised American Software from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th.

In other American Software news, CFO Vincent C. Klinges sold 19,072 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $11.76, for a total value of $224,286.72. Following the sale, the chief financial officer now owns 115,910 shares of the company’s stock, valued at approximately $1,363,101.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.24% of the company’s stock.

Several hedge funds have recently made changes to their positions in AMSWA. FMR LLC grew its stake in shares of American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of American Software during the first quarter worth $168,000. Marshall Wace LLP acquired a new stake in shares of American Software during the first quarter worth $156,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of American Software by 1.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,602,285 shares of the software maker’s stock worth $31,097,000 after purchasing an additional 49,662 shares during the period. Finally, Granite Investment Partners LLC grew its stake in shares of American Software by 86.9% during the first quarter. Granite Investment Partners LLC now owns 89,059 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 41,399 shares during the period. Institutional investors own 79.21% of the company’s stock.

Shares of NASDAQ AMSWA traded down $1.20 during mid-day trading on Monday, reaching $13.46. 177,000 shares of the company traded hands, compared to its average volume of 75,023. The stock has a market cap of $452.80 million, a PE ratio of 48.07 and a beta of 0.64. The company’s fifty day moving average is $13.39. American Software has a fifty-two week low of $8.99 and a fifty-two week high of $18.94.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, August 15th. American Software’s dividend payout ratio (DPR) is currently 157.14%.

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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