American Software, Inc. (AMSWA) Given $13.00 Average Price Target by Analysts

Shares of American Software, Inc. (NASDAQ:AMSWA) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. American Software’s rating score has declined by 200% in the last three months as a result of a number of analysts’ ratings changes.

Analysts have set a 1-year consensus price objective of $13.00 for the company and are expecting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given American Software an industry rank of 95 out of 257 based on the ratings given to its competitors.

Several research firms recently commented on AMSWA. B. Riley downgraded shares of American Software from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Tuesday, August 28th. Zacks Investment Research downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. BidaskClub raised shares of American Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. ValuEngine downgraded shares of American Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 6th. Finally, TheStreet downgraded shares of American Software from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th.

In other American Software news, Director J Michael Edenfield sold 10,300 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $13.10, for a total transaction of $134,930.00. Following the transaction, the director now owns 426,023 shares of the company’s stock, valued at approximately $5,580,901.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of American Software by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,149,600 shares of the software maker’s stock worth $31,320,000 after buying an additional 73,500 shares during the last quarter. BlackRock Inc. grew its position in shares of American Software by 7.9% in the 2nd quarter. BlackRock Inc. now owns 1,956,860 shares of the software maker’s stock worth $28,512,000 after buying an additional 143,326 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of American Software by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,095,162 shares of the software maker’s stock worth $15,957,000 after buying an additional 40,743 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of American Software by 4.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 741,606 shares of the software maker’s stock worth $8,995,000 after buying an additional 31,427 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of American Software by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 527,069 shares of the software maker’s stock worth $7,679,000 after buying an additional 10,179 shares during the last quarter. 75.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Software stock traded down $0.50 during trading on Friday, hitting $11.97. The stock had a trading volume of 68,486 shares, compared to its average volume of 96,035. The firm has a market capitalization of $366.53 million, a PE ratio of 33.25 and a beta of 0.77. American Software has a 12 month low of $10.86 and a 12 month high of $18.94.

American Software (NASDAQ:AMSWA) last released its earnings results on Tuesday, September 4th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The firm had revenue of $27.40 million during the quarter, compared to the consensus estimate of $28.68 million. American Software had a return on equity of 9.02% and a net margin of 9.46%. Equities analysts forecast that American Software will post 0.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, November 16th. American Software’s dividend payout ratio is presently 122.22%.

About American Software

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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