American Software (NASDAQ:AMSWA) Downgraded by BidaskClub to “Hold”

BidaskClub downgraded shares of American Software (NASDAQ:AMSWA) from a buy rating to a hold rating in a report released on Wednesday morning, BidAskClub reports.

Several other equities research analysts have also issued reports on AMSWA. ValuEngine lowered shares of American Software from a strong-buy rating to a buy rating in a report on Monday, September 16th. Zacks Investment Research lowered shares of American Software from a buy rating to a hold rating in a report on Monday, July 15th. B. Riley upgraded shares of American Software from a neutral rating to a buy rating and raised their target price for the stock from $13.00 to $17.00 in a report on Thursday, August 29th. Finally, William Blair restated an outperform rating on shares of American Software in a report on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. American Software has an average rating of Buy and an average price target of $14.68.

American Software stock opened at $15.08 on Wednesday. The firm has a 50-day moving average price of $14.36 and a 200-day moving average price of $13.26. The firm has a market capitalization of $468.29 million, a PE ratio of 53.32 and a beta of 0.56. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. American Software has a 12-month low of $8.99 and a 12-month high of $16.06.

American Software (NASDAQ:AMSWA) last released its earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $27.38 million during the quarter, compared to analyst estimates of $27.49 million. American Software had a net margin of 6.04% and a return on equity of 7.57%. As a group, sell-side analysts predict that American Software will post 0.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.44 dividend on an annualized basis and a yield of 2.92%. American Software’s payout ratio is 157.14%.

In related news, insider Bryan L. Sell sold 4,000 shares of American Software stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $13.13, for a total transaction of $52,520.00. Following the completion of the sale, the insider now owns 4,000 shares in the company, valued at approximately $52,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James B. Miller, Jr. sold 1,690 shares of American Software stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $14.92, for a total transaction of $25,214.80. Following the sale, the director now owns 66,301 shares of the company’s stock, valued at approximately $989,210.92. The disclosure for this sale can be found here. Insiders have sold a total of 150,508 shares of company stock valued at $2,224,968 in the last quarter. 11.19% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in American Software by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,155,992 shares of the software maker’s stock valued at $12,080,000 after purchasing an additional 15,304 shares during the period. BNP Paribas Arbitrage SA increased its position in American Software by 2,671.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after purchasing an additional 5,770 shares during the period. Victory Capital Management Inc. purchased a new position in American Software during the 1st quarter valued at about $909,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in American Software by 42.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 23,440 shares of the software maker’s stock valued at $280,000 after purchasing an additional 6,973 shares during the period. Finally, Martingale Asset Management L P increased its position in American Software by 200.4% during the 1st quarter. Martingale Asset Management L P now owns 175,415 shares of the software maker’s stock valued at $2,097,000 after purchasing an additional 117,015 shares during the period. Institutional investors own 77.63% of the company’s stock.

American Software Company Profile

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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