American Software Inc. (AMSWA) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “
Separately, B. Riley restated a buy rating and set a $12.00 price target on shares of American Software in a research report on Tuesday, June 21st.
Shares of American Software (NASDAQ:AMSWA) opened at 10.91 on Wednesday. American Software has a 12 month low of $8.56 and a 12 month high of $11.94. The company has a market cap of $317.51 million, a P/E ratio of 34.09 and a beta of 0.72. The company’s 50 day moving average is $10.86 and its 200 day moving average is $10.00.
American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. American Software had a return on equity of 8.90% and a net margin of 8.32%. On average, equities research analysts predict that American Software will post $0.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Tuesday, November 8th. American Software’s dividend payout ratio is currently 137.50%.
Several institutional investors have recently bought and sold shares of the company. Analytic Investors LLC purchased a new stake in American Software during the second quarter valued at about $198,000. BOKF NA boosted its stake in American Software by 0.4% in the second quarter. BOKF NA now owns 19,347 shares of the company’s stock valued at $203,000 after buying an additional 80 shares during the last quarter. Alliancebernstein L.P. boosted its stake in American Software by 2.2% in the second quarter. Alliancebernstein L.P. now owns 22,792 shares of the company’s stock valued at $239,000 after buying an additional 500 shares during the last quarter. Globeflex Capital L P purchased a new stake in American Software during the second quarter valued at about $252,000. Finally, Menta Capital LLC boosted its stake in American Software by 25.6% in the second quarter. Menta Capital LLC now owns 24,699 shares of the company’s stock valued at $259,000 after buying an additional 5,029 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.
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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