American Software (NASDAQ:AMSWA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “

Several other equities research analysts have also weighed in on AMSWA. BidaskClub lowered shares of American Software from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. B. Riley set a $12.00 target price on shares of American Software and gave the stock a “hold” rating in a report on Wednesday, November 28th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.50.

Shares of NASDAQ AMSWA opened at $11.49 on Monday. American Software has a fifty-two week low of $8.99 and a fifty-two week high of $18.94. The company has a market capitalization of $356.61 million, a P/E ratio of 31.92 and a beta of 0.63.

American Software (NASDAQ:AMSWA) last posted its earnings results on Thursday, November 29th. The software maker reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $28.03 million for the quarter, compared to analyst estimates of $28.59 million. American Software had a net margin of 8.25% and a return on equity of 8.28%. Equities analysts predict that American Software will post 0.24 EPS for the current fiscal year.

In other news, Director Dennis Hogue sold 3,000 shares of the stock in a transaction on Friday, December 21st. The shares were sold at an average price of $9.23, for a total transaction of $27,690.00. Following the completion of the sale, the director now owns 28,124 shares of the company’s stock, valued at $259,584.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James C. Edenfield sold 9,100 shares of the stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $10.45, for a total transaction of $95,095.00. Following the sale, the chairman now directly owns 69,100 shares of the company’s stock, valued at approximately $722,095. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,900 shares of company stock worth $842,521. Company insiders own 11.24% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its position in shares of American Software by 413.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,280 shares of the software maker’s stock worth $97,000 after acquiring an additional 7,474 shares in the last quarter. Millennium Management LLC bought a new position in American Software in the fourth quarter valued at $117,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in American Software in the third quarter valued at $150,000. Engineers Gate Manager LP bought a new position in American Software in the third quarter valued at $180,000. Finally, Algert Global LLC bought a new position in American Software in the fourth quarter valued at $207,000. 80.03% of the stock is owned by institutional investors.

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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