Shares of American Software Inc. (NASDAQ:AMSWA) reached a new 52-week high during trading on Monday . The stock 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.

AMSWA has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating and set a $12.50 price objective on shares of American Software in a research note on Sunday, June 26th. Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th.

The stock has a market cap of $324.16 million and a price-to-earnings ratio of 31.94. The stock’s 50-day moving average is $10.81 and its 200 day moving average is $9.64.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, June 23rd. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The firm earned $28.90 million during the quarter. On average, analysts forecast that American Software Inc. will post $0.33 EPS for the current fiscal year.

A hedge fund recently raised its stake in American Software stock. Dimensional Fund Advisors LP increased its position in American Software Inc. (NASDAQ:AMSWA) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 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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