American Software, Inc. (NASDAQ:AMSWA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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 restated a “buy” rating and set a $12.25 price target on shares of American Software in a report on Tuesday, June 20th.

Shares of American Software (NASDAQ AMSWA) traded down 0.49% on Tuesday, reaching $10.24. 34,572 shares of the company’s stock were exchanged. The firm has a market cap of $302.42 million, a PE ratio of 20.90 and a beta of 0.81. American Software has a one year low of $9.69 and a one year high of $12.10. The company has a 50 day moving average price of $10.88 and a 200 day moving average price of $10.60.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Friday, June 23rd. The software maker reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.13. American Software had a return on equity of 15.45% and a net margin of 13.76%. The company had revenue of $26.27 million for the quarter, compared to analyst estimates of $27.72 million. Analysts expect that American Software will post $0.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.44 annualized dividend and a yield of 4.30%. American Software’s payout ratio is presently 89.80%.

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In other American Software news, Director J Michael Edenfield sold 42,580 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $10.54, for a total value of $448,793.20. Following the transaction, the director now owns 458,333 shares of the company’s stock, valued at approximately $4,830,829.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James R. Mcguone sold 3,095 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $10.67, for a total value of $33,023.65. Following the completion of the transaction, the insider now directly owns 3,095 shares in the company, valued at approximately $33,023.65. The disclosure for this sale can be found here. Insiders have sold a total of 47,680 shares of company stock worth $502,989 in the last 90 days. 14.39% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in AMSWA. Teton Advisors Inc. increased its position in shares of American Software by 6.2% in the first quarter. Teton Advisors Inc. now owns 200,913 shares of the software maker’s stock valued at $2,065,000 after buying an additional 11,800 shares during the period. Bank of New York Mellon Corp increased its position in American Software by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 508,010 shares of the software maker’s stock worth $5,221,000 after buying an additional 42,072 shares during the last quarter. Wedge Capital Management L L P NC increased its position in American Software by 10.6% in the first quarter. Wedge Capital Management L L P NC now owns 87,950 shares of the software maker’s stock worth $904,000 after buying an additional 8,400 shares during the last quarter. North Star Investment Management Corp. increased its position in American Software by 10.8% in the first quarter. North Star Investment Management Corp. now owns 418,719 shares of the software maker’s stock worth $4,304,000 after buying an additional 40,856 shares during the last quarter. Finally, Strs Ohio increased its position in American Software by 6.1% in the first quarter. Strs Ohio now owns 62,300 shares of the software maker’s stock worth $640,000 after buying an additional 3,600 shares during the last quarter. 75.07% 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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