American Software, Inc. (NASDAQ:AMSWA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $12.00 target price on the software maker’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.11% from the stock’s previous close.

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. “

Other analysts have also recently issued research reports about the company. B. Riley reissued a “buy” rating and set a $12.25 price objective on shares of American Software in a research report on Tuesday, June 20th. BidaskClub cut American Software from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.

American Software (NASDAQ:AMSWA) traded up 1.991% during trading on Monday, reaching $11.015. The company had a trading volume of 80,921 shares. The stock has a 50 day moving average price of $10.11 and a 200 day moving average price of $10.44. The firm has a market capitalization of $327.44 million, a price-to-earnings ratio of 21.224 and a beta of 0.76. American Software has a 12 month low of $9.00 and a 12 month high of $12.10.

American Software (NASDAQ:AMSWA) last issued its earnings results on Friday, June 23rd. The software maker reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.13. The business had revenue of $26.27 million during the quarter, compared to analysts’ expectations of $27.72 million. American Software had a return on equity of 15.78% and a net margin of 14.81%. On average, equities research analysts predict that American Software will post $0.35 earnings per share for the current year.

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In other news, Director J Michael Edenfield sold 42,580 shares of American Software stock in a transaction dated 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 directly owns 458,333 shares in the company, valued at $4,830,829.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Hogue sold 9,707 shares of American Software stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $10.78, for a total value of $104,641.46. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $161,700. The disclosure for this sale can be found here. Insiders sold 219,051 shares of company stock valued at $2,385,436 in the last ninety days. Insiders own 13.89% of the company’s stock.

Several institutional investors have recently bought and sold shares of AMSWA. Goldman Sachs Group Inc. increased its stake in shares of American Software by 217.1% in the second quarter. Goldman Sachs Group Inc. now owns 214,826 shares of the software maker’s stock worth $2,211,000 after purchasing an additional 147,079 shares during the period. Renaissance Technologies LLC increased its stake in shares of American Software by 4.7% in the second quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock worth $21,102,000 after purchasing an additional 92,500 shares during the period. AJO LP bought a new position in shares of American Software in the second quarter worth about $886,000. Martin & Co. Inc. TN increased its stake in shares of American Software by 65.3% in the second quarter. Martin & Co. Inc. TN now owns 182,540 shares of the software maker’s stock worth $1,878,000 after purchasing an additional 72,105 shares during the period. Finally, State Street Corp increased its stake in shares of American Software by 12.7% in the second quarter. State Street Corp now owns 583,043 shares of the software maker’s stock worth $5,997,000 after purchasing an additional 65,833 shares during the period. Institutional investors and hedge funds own 74.71% of the company’s stock.

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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