American Software (NASDAQ:AMSWA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.
A number of other brokerages have also commented on AMSWA. Zacks Investment Research raised American Software from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. B. Riley reaffirmed a “buy” rating and issued a $12.00 target price on shares of American Software in a research report on Thursday, August 24th.
Shares of American Software (AMSWA) traded down $0.93 during trading hours on Friday, hitting $11.98. The stock had a trading volume of 121,417 shares, compared to its average volume of 51,176. The firm has a market cap of $383.78, a P/E ratio of 21.88 and a beta of 0.81. American Software has a 12 month low of $9.00 and a 12 month high of $13.05.
Hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of American Software in the third quarter valued at approximately $137,000. Citadel Advisors LLC bought a new position in shares of American Software in the second quarter valued at approximately $133,000. GSA Capital Partners LLP grew its holdings in shares of American Software by 5.4% in the second quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock valued at $140,000 after acquiring an additional 700 shares in the last quarter. Smith Asset Management Group LP bought a new position in shares of American Software in the second quarter valued at approximately $142,000. Finally, Commonwealth Equity Services Inc bought a new position in shares of American Software in the third quarter valued at approximately $167,000. 75.72% of the stock is owned by institutional investors.
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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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