American Software (NASDAQ:AMSWA) had its price objective lowered by analysts at B. Riley from $17.50 to $13.00 in a research note issued on Monday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the software maker’s stock. B. Riley’s price target would suggest a potential upside of 7.08% from the company’s current price.

Other equities research analysts have also issued research reports about the company. BidaskClub raised American Software from a “hold” rating to a “buy” rating in a research report on Monday, July 9th. Zacks Investment Research raised American Software from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, June 27th. Finally, ValuEngine lowered American Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 6th.

Shares of NASDAQ AMSWA opened at $12.14 on Monday. American Software has a fifty-two week low of $10.59 and a fifty-two week high of $18.94. The stock has a market cap of $405.47 million, a PE ratio of 33.72 and a beta of 0.72.

American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, June 21st. The software maker reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. American Software had a return on equity of 9.02% and a net margin of 9.46%. The business had revenue of $29.36 million for the quarter, compared to analyst estimates of $28.59 million. research analysts forecast that American Software will post 0.25 earnings per share for the current fiscal year.

In related news, Director J Michael Edenfield sold 41,402 shares of the firm’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 transaction, the director now owns 457,125 shares in the company, valued at approximately $6,957,442.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vincent C. Klinges sold 6,626 shares of the firm’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $14.73, for a total value of $97,600.98. Following the transaction, the chief financial officer now owns 103,464 shares in the company, valued at approximately $1,524,024.72. The disclosure for this sale can be found here. Insiders have sold a total of 92,028 shares of company stock worth $1,345,759 in the last three months. Corporate insiders own 11.24% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its stake in American Software by 0.8% during 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 buying an additional 4,216 shares during the last quarter. Russell Investments Group Ltd. grew its stake in American Software by 126.5% during the 1st quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock worth $122,000 after buying an additional 5,244 shares during the last quarter. Northern Trust Corp grew its stake in shares of American Software by 1.5% in the 1st quarter. Northern Trust Corp now owns 365,905 shares of the software maker’s stock valued at $4,757,000 after purchasing an additional 5,265 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of 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 valued at $1,038,000 after purchasing an additional 5,976 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of 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 valued at $900,000 after purchasing an additional 7,300 shares during the last quarter. Hedge funds and other institutional investors own 75.20% of the company’s stock.

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), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning 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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