BidaskClub lowered shares of American Software (NASDAQ:AMSWA) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

A number of other brokerages have also recently issued reports on AMSWA. Zacks Investment Research cut American Software from a buy rating to a hold rating in a research note on Tuesday, October 31st. B. Riley reiterated a buy rating and set a $14.00 price objective (up previously from $12.25) on shares of American Software in a research note on Tuesday, November 28th.

American Software (NASDAQ AMSWA) opened at $12.00 on Wednesday. The company has a market capitalization of $360.32, a P/E ratio of 20.25 and a beta of 0.79. American Software has a one year low of $9.00 and a one year high of $13.41.

American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, November 30th. The software maker reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $26.34 million during the quarter, compared to analysts’ expectations of $27.10 million. American Software had a return on equity of 17.27% and a net margin of 16.73%. analysts forecast that American Software will post 0.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, February 8th. American Software’s payout ratio is 74.58%.

In other American Software news, Director Thomas L. V. Newberry sold 11,912 shares of American Software stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $12.01, for a total value of $143,063.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Michael Edenfield sold 26,579 shares of American Software stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $11.91, for a total value of $316,555.89. Following the completion of the sale, the director now directly owns 442,332 shares of the company’s stock, valued at approximately $5,268,174.12. The disclosure for this sale can be found here. Insiders have sold 141,118 shares of company stock valued at $1,675,547 in the last quarter. 13.89% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of AMSWA. Cadence Capital Management LLC grew its holdings in shares of American Software by 7.7% in the fourth quarter. Cadence Capital Management LLC now owns 104,560 shares of the software maker’s stock worth $1,216,000 after acquiring an additional 7,468 shares during the period. Alambic Investment Management L.P. grew its holdings in shares of American Software by 10.2% in the fourth quarter. Alambic Investment Management L.P. now owns 102,715 shares of the software maker’s stock worth $1,195,000 after acquiring an additional 9,475 shares during the period. Algert Global LLC grew its holdings in shares of American Software by 256.6% in the fourth quarter. Algert Global LLC now owns 84,116 shares of the software maker’s stock worth $978,000 after acquiring an additional 60,526 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of American Software by 21.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 54,461 shares of the software maker’s stock worth $634,000 after acquiring an additional 9,461 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of American Software by 957.5% in the fourth quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock worth $145,000 after acquiring an additional 11,270 shares during the period. 74.58% of the stock is owned by institutional investors and hedge funds.

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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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