American Software (NASDAQ:AMSWA)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a report issued on Tuesday, MarketBeat.com reports. B. Riley also issued estimates for American Software’s FY2018 earnings at $0.29 EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.07 EPS and Q4 2019 earnings at $0.08 EPS.

Separately, Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday, September 25th.

American Software (NASDAQ:AMSWA) traded down $0.93 during midday trading on Tuesday, reaching $11.98. The company’s stock had a trading volume of 121,417 shares, compared to its average volume of 51,176. American Software has a 52 week low of $9.00 and a 52 week high of $13.05. The firm has a market cap of $383.78, a PE ratio of 21.88 and a beta of 0.81.

In related news, Director J Michael Edenfield sold 33,985 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $11.02, for a total value of $374,514.70. Following the sale, the director now owns 33,985 shares of the company’s stock, valued at approximately $374,514.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Vincent C. Klinges sold 7,185 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $11.14, for a total value of $80,040.90. Following the completion of the sale, the chief financial officer now directly owns 42,185 shares in the company, valued at approximately $469,940.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 195,751 shares of company stock worth $2,163,860. Insiders own 13.89% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AMSWA. Parametric Portfolio Associates LLC lifted its stake in American Software by 5.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 39,545 shares of the software maker’s stock valued at $407,000 after buying an additional 2,078 shares in the last quarter. American International Group Inc. lifted its stake in shares of American Software by 6.9% during the 1st quarter. American International Group Inc. now owns 15,859 shares of the software maker’s stock worth $163,000 after purchasing an additional 1,027 shares during the period. California Public Employees Retirement System lifted its stake in shares of American Software by 2.5% during the 1st quarter. California Public Employees Retirement System now owns 80,700 shares of the software maker’s stock worth $830,000 after purchasing an additional 2,000 shares during the period. Vanguard Group Inc. lifted its stake in shares of American Software by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 1,190,047 shares of the software maker’s stock worth $12,234,000 after purchasing an additional 46,559 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of American Software by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 220,078 shares of the software maker’s stock worth $2,262,000 after purchasing an additional 7,276 shares during the period. 75.72% of the stock is currently owned by hedge funds and other 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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