American Software, Inc. (NASDAQ:AMSWA) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. American Software’s rating score has declined by 200% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus target price of $17.50 for the company and are expecting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned American Software an industry rank of 52 out of 255 based on the ratings given to its competitors.

AMSWA has been the subject of several research analyst reports. Zacks Investment Research lowered shares of American Software from a “buy” rating to a “hold” rating in a report on Friday, June 29th. BidaskClub upgraded shares of American Software from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. ValuEngine upgraded shares of American Software from a “buy” rating to a “strong-buy” rating in a report on Friday, July 6th. Finally, B. Riley lowered shares of American Software from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Tuesday, August 28th.

In related news, CFO Vincent C. Klinges sold 6,626 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $14.73, for a total value of $97,600.98. Following the completion of the transaction, the chief financial officer now directly owns 103,464 shares in the company, valued at approximately $1,524,024.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J Michael Edenfield sold 41,402 shares of the business’s stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $15.22, for a total transaction of $630,138.44. Following the completion of the transaction, the director now owns 457,125 shares of the company’s stock, valued at $6,957,442.50. The disclosure for this sale can be found here. Insiders have sold 68,028 shares of company stock valued at $1,023,139 over the last quarter. Company insiders own 11.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its holdings in American Software by 0.8% in the 1st quarter. New York State Common Retirement Fund now owns 506,231 shares of the software maker’s stock worth $6,581,000 after acquiring an additional 4,216 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in American Software by 126.5% in the 1st quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock worth $122,000 after acquiring an additional 5,244 shares during the last quarter. Northern Trust Corp raised its holdings in American Software by 1.5% in the 1st quarter. Northern Trust Corp now owns 365,905 shares of the software maker’s stock worth $4,757,000 after acquiring an additional 5,265 shares during the last quarter. California Public Employees Retirement System raised its holdings in American Software by 8.1% in the 1st quarter. California Public Employees Retirement System now owns 79,876 shares of the software maker’s stock worth $1,038,000 after acquiring an additional 5,976 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in American Software by 13.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,761 shares of the software maker’s stock worth $900,000 after acquiring an additional 7,300 shares during the last quarter. Institutional investors own 75.20% of the company’s stock.

Shares of AMSWA opened at $13.96 on Tuesday. American Software has a one year low of $10.59 and a one year high of $18.94. The stock has a market capitalization of $451.52 million, a price-to-earnings ratio of 45.66 and a beta of 0.73.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, June 21st. The software maker reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. American Software had a net margin of 9.46% and a return on equity of 9.11%. The business had revenue of $29.36 million during the quarter, compared to analyst estimates of $28.59 million. equities analysts anticipate that American Software will post 0.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.15%. American Software’s payout ratio is 122.22%.

American Software Company Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting. The SCM segment provides supply chain management solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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