American Software (AMSWA) Lifted to “Buy” at ValuEngine
American Software (NASDAQ:AMSWA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Other equities analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and set a $14.00 price target (up previously from $12.25) on shares of American Software in a research note on Tuesday, November 28th. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.
American Software (NASDAQ:AMSWA) opened at $12.86 on Friday. The stock has a market cap of $387.75, a P/E ratio of 18.64 and a beta of 0.76. American Software has a one year low of $9.00 and a one year high of $13.69.
In other news, Director J Michael Edenfield sold 26,579 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $11.91, for a total value of $316,555.89. Following the transaction, the director now owns 442,332 shares of the company’s stock, valued at approximately $5,268,174.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James C. Edenfield sold 15,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $11.92, for a total transaction of $178,800.00. Following the completion of the transaction, the insider now directly owns 75,000 shares in the company, valued at approximately $894,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,118 shares of company stock worth $1,675,547. 13.89% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in American Software during the 3rd quarter valued at $137,000. Bank of Montreal Can grew its holdings in American Software by 957.5% during the 4th quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock valued at $145,000 after purchasing an additional 11,270 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in American Software during the 4th quarter valued at $148,000. Commonwealth Equity Services Inc acquired a new stake in American Software during the 3rd quarter valued at $167,000. Finally, Voya Investment Management LLC grew its holdings in American Software by 10.4% during the 2nd quarter. Voya Investment Management LLC now owns 22,103 shares of the software maker’s stock valued at $227,000 after purchasing an additional 2,076 shares in the last quarter. 73.68% of the stock is currently 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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