American Software, Inc. (NASDAQ:AMSWA) insider James R. Mcguone sold 3,981 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.23, for a total value of $60,630.63. Following the sale, the insider now owns 3,981 shares of the company’s stock, valued at $60,630.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ AMSWA traded down $0.08 during trading hours on Thursday, hitting $15.20. The company had a trading volume of 11,313 shares, compared to its average volume of 74,629. American Software, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $16.06. The company has a market capitalization of $474.64 million, a price-to-earnings ratio of 54.29 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.61. The firm’s 50 day moving average is $14.11 and its 200 day moving average is $13.13.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. American Software had a return on equity of 7.57% and a net margin of 6.04%. The firm had revenue of $27.38 million during the quarter, compared to the consensus estimate of $27.49 million. On average, equities analysts anticipate that American Software, Inc. will post 0.24 EPS for the current year.
A number of analysts have recently commented on AMSWA shares. BidaskClub downgraded American Software from a “buy” rating to a “hold” rating in a report on Friday, September 6th. William Blair reiterated an “outperform” rating on shares of American Software in a report on Thursday, June 20th. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. ValuEngine upgraded American Software from a “buy” rating to a “strong-buy” rating in a report on Monday, August 26th. Finally, B. Riley upgraded American Software from a “neutral” rating to a “buy” rating and increased their price target for the company from $13.00 to $17.00 in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.68.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after acquiring an additional 1,075 shares in the last quarter. Bank of Montreal Can grew its stake in shares of American Software by 206.5% during the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock valued at $46,000 after acquiring an additional 2,387 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of American Software during the second quarter valued at about $67,000. BNP Paribas Arbitrage SA grew its stake in shares of American Software by 2,671.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after acquiring an additional 5,770 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of American Software by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock valued at $105,000 after acquiring an additional 946 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.
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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