American Software Inc. (AMSWA) Upgraded 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 note issued to investors 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 report on Sunday, August 28th.
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Shares of American Software (NASDAQ:AMSWA) traded up 1.60% on Tuesday, hitting $10.82. The stock had a trading volume of 27,644 shares. The stock has a market cap of $314.89 million, a PE ratio of 33.81 and a beta of 0.72. American Software has a 12 month low of $8.56 and a 12 month high of $11.94. The stock has a 50 day moving average of $10.89 and a 200-day moving average of $9.91.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.02. American Software had a net margin of 8.32% and a return on equity of 8.90%. Equities research analysts anticipate that American Software will post $0.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.44 annualized dividend and a dividend yield of 4.07%. American Software’s dividend payout ratio (DPR) is 137.50%.
Large investors have recently modified their holdings of the company. BOKF NA boosted its stake in shares of American Software by 0.4% in the second quarter. BOKF NA now owns 19,347 shares of the company’s stock valued at $203,000 after buying an additional 80 shares during the last quarter. Stifel Financial Corp boosted its stake 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 valued at $651,000 after buying an additional 233 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of American Software by 2.2% in the second quarter. Alliancebernstein L.P. now owns 22,792 shares of the company’s stock valued at $239,000 after buying an additional 500 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of American Software by 0.3% in the second quarter. Foundry Partners LLC now owns 299,237 shares of the company’s stock valued at $3,136,000 after buying an additional 875 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of American Software by 0.6% in the first quarter. Geode Capital Management LLC now owns 163,127 shares of the company’s stock valued at $1,468,000 after buying an additional 978 shares during the last quarter. 73.77% of the stock is currently owned by institutional investors.
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.
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