American Software Inc. (AMSWA) Lifted to “Hold” at Zacks Investment Research
American Software Inc. (NASDAQ:AMSWA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
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. “
Separately, B. Riley reaffirmed a “buy” rating and issued a $12.50 target price on shares of American Software in a research report on Sunday, August 28th.
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American Software (NASDAQ:AMSWA) traded up 1.60% during midday trading on Tuesday, hitting $10.82. The company had a trading volume of 27,644 shares. The company’s 50 day moving average is $10.89 and its 200-day moving average is $9.91. The company has a market cap of $314.89 million, a P/E ratio of 33.81 and a beta of 0.72. American Software has a one year low of $8.56 and a one year high of $11.94.
American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, August 25th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. American Software had a return on equity of 8.90% and a net margin of 8.32%. On average, equities analysts predict that American Software will post $0.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, November 8th. American Software’s dividend payout ratio is 137.50%.
Several hedge funds and other institutional investors have recently modified their holdings of AMSWA. Stifel Financial Corp raised its position in shares of American Software by 0.4% in the second quarter. Stifel Financial Corp now owns 62,085 shares of the company’s stock worth $651,000 after buying an additional 233 shares in the last quarter. Southeast Asset Advisors Inc. raised its stake in American Software by 3.4% in the second quarter. Southeast Asset Advisors Inc. now owns 40,710 shares of the company’s stock worth $427,000 after buying an additional 1,357 shares during the period. Menta Capital LLC raised its stake in American Software by 25.6% in the second quarter. Menta Capital LLC now owns 24,699 shares of the company’s stock worth $259,000 after buying an additional 5,029 shares during the period. State Street Corp raised its stake in American Software by 0.4% in the second quarter. State Street Corp now owns 423,998 shares of the company’s stock worth $4,443,000 after buying an additional 1,662 shares during the period. Finally, BOKF NA raised its stake in American Software by 0.4% in the second quarter. BOKF NA now owns 19,347 shares of the company’s stock worth $203,000 after buying an additional 80 shares during the period. 73.77% of the stock is currently owned by institutional investors and hedge funds.
About American Software
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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