Zacks Investment Research Lowers American Software Inc. (AMSWA) to Sell
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 restated a buy rating and set a $12.00 price objective on shares of American Software in a research note on Tuesday, June 21st.
American Software (NASDAQ:AMSWA) opened at 11.04 on Wednesday. American Software has a one year low of $8.56 and a one year high of $11.94. The company’s 50-day moving average price is $10.84 and its 200-day moving average price is $10.06. The firm has a market cap of $321.30 million, a price-to-earnings ratio of 34.50 and a beta of 0.63.
American Software (NASDAQ:AMSWA) last issued 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%. On average, analysts anticipate that American Software will post $0.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Tuesday, November 8th. American Software’s dividend payout ratio is presently 137.50%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in American Software by 1.7% in the first quarter. State Street Corp now owns 422,336 shares of the company’s stock worth $3,804,000 after buying an additional 7,212 shares in the last quarter. Geode Capital Management LLC increased its position in American Software by 0.6% in the first quarter. Geode Capital Management LLC now owns 163,127 shares of the company’s stock worth $1,468,000 after buying an additional 978 shares in the last quarter. Renaissance Technologies LLC increased its position in American Software by 4.1% in the first quarter. Renaissance Technologies LLC now owns 1,784,905 shares of the company’s stock worth $16,064,000 after buying an additional 70,911 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of American Software by 10.3% in the second quarter. North Star Investment Management Corp. now owns 312,069 shares of the company’s stock valued at $3,270,000 after buying an additional 29,105 shares during the period. Finally, Foundry Partners LLC increased its stake in shares of American Software by 0.3% in the second quarter. Foundry Partners LLC now owns 299,237 shares of the company’s stock valued at $3,136,000 after buying an additional 875 shares during the period. 73.49% of the stock is currently owned by institutional investors.
About American Software
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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