American Software, Inc. (AMSWA) Given $12.25 Average Target Price by Brokerages
American Software, Inc. (NASDAQ:AMSWA) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus target price of $12.25 for the company and are predicting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned American Software an industry rank of 114 out of 265 based on the ratings given to related companies.
AMSWA has been the topic of a number of recent research reports. BidaskClub lowered shares of American Software from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of American Software from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, B. Riley restated a “buy” rating and issued a $12.00 price objective on shares of American Software in a research note on Thursday, August 24th.
American Software (NASDAQ AMSWA) opened at $11.93 on Thursday. The company has a market cap of $354.65, a price-to-earnings ratio of 22.73 and a beta of 0.81. American Software has a one year low of $9.00 and a one year high of $12.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 10th will be paid a $0.11 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.44 dividend on an annualized basis and a yield of 3.69%. American Software’s dividend payout ratio is presently 89.80%.
In other news, President H Allan Dow sold 5,995 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $11.01, for a total transaction of $66,004.95. Following the transaction, the president now directly owns 5,995 shares in the company, valued at $66,004.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vincent C. Klinges sold 20,127 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $11.35, for a total transaction of $228,441.45. Following the transaction, the chief financial officer now owns 116,965 shares in the company, valued at $1,327,552.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 230,861 shares of company stock worth $2,550,422. 13.89% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in American Software during the third quarter worth about $137,000. Citadel Advisors LLC purchased a new stake in American Software during the second quarter worth about $133,000. GSA Capital Partners LLP boosted its holdings in American Software by 5.4% during the second quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock worth $140,000 after buying an additional 700 shares in the last quarter. Smith Asset Management Group LP purchased a new stake in American Software during the second quarter worth about $142,000. Finally, Commonwealth Equity Services Inc purchased a new stake in American Software during the third quarter worth about $167,000. Institutional investors and hedge funds own 75.56% 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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