American Software Inc. (NASDAQ:AMSWA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Separately, B. Riley reiterated a “buy” rating and issued a $12.50 price objective on shares of American Software in a research note on Sunday, August 28th.

American Software (NASDAQ:AMSWA) opened at 10.83 on Tuesday. The company’s 50-day moving average price is $10.88 and its 200 day moving average price is $9.93. The company has a market capitalization of $315.19 million, a price-to-earnings ratio of 33.84 and a beta of 0.72. American Software has a 12 month low of $8.56 and a 12 month high of $11.94.

American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. American Software had a net margin of 8.32% and a return on equity of 8.90%. Analysts forecast that American Software will post $0.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.06%. American Software’s dividend payout ratio (DPR) is currently 137.50%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its position in American Software by 0.4% in the second quarter. Stifel Financial Corp now owns 62,085 shares of the company’s stock worth $651,000 after buying an additional 233 shares during the period. Southeast Asset Advisors Inc. raised its position in American Software by 3.4% in the second quarter. Southeast Asset Advisors Inc. now owns 40,710 shares of the company’s stock worth $427,000 after buying an additional 1,357 shares during the period. Menta Capital LLC raised its position in American Software by 25.6% in the second quarter. Menta Capital LLC now owns 24,699 shares of the company’s stock worth $259,000 after buying an additional 5,029 shares during the period. State Street Corp raised its position in American Software by 0.4% in the second quarter. State Street Corp now owns 423,998 shares of the company’s stock worth $4,443,000 after buying an additional 1,662 shares during the period. Finally, BOKF NA raised its position in American Software by 0.4% in the second quarter. BOKF NA now owns 19,347 shares of the company’s stock worth $203,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 73.77% of the company’s stock.

American Software Company Profile

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

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