Shares of American Software Inc. (NASDAQ:AMSWA) reached a new 52-week high during trading on Monday . The company traded as high as $11.37 and last traded at $11.30, with a volume of 33,573 shares changing hands. The stock had previously closed at $11.21.

A number of analysts recently commented on the company. B. Riley reiterated a “buy” rating and set a $12.00 price objective on shares of American Software in a research report on Tuesday, June 21st. Zacks Investment Research upgraded American Software from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th.

The company has a 50 day moving average price of $10.87 and a 200 day moving average price of $9.67. The company has a market capitalization of $323.29 million and a price-to-earnings ratio of 31.86.

American Software (NASDAQ:AMSWA) last announced its earnings results on Thursday, June 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $28.90 million for the quarter. On average, equities analysts expect that American Software Inc. will post $0.33 EPS for the current year.

An institutional investor recently raised its position in American Software stock. Dimensional Fund Advisors LP raised its position in American Software Inc. (NASDAQ:AMSWA) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 766,804 shares of the company’s stock after buying an additional 13,918 shares during the period. Dimensional Fund Advisors LP owned 2.67% of American Software worth $7,806,000 at the end of the most recent quarter.

American Software, Inc (American Software), develops, markets and supports a portfolio of software and services that delivers enterprise management and collaborative supply chain solutions to the global marketplace. American Software operates three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.

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