BidaskClub upgraded shares of American Software (NASDAQ:AMSWA) from a hold rating to a buy rating in a report issued on Saturday.

A number of other analysts have also commented on AMSWA. Zacks Investment Research lowered American Software from a buy rating to a hold rating in a research report on Wednesday, April 25th. B. Riley lifted their price objective on American Software from $14.50 to $18.00 and gave the stock a buy rating in a research report on Friday, June 22nd. Finally, ValuEngine upgraded American Software from a buy rating to a strong-buy rating in a research report on Friday, July 6th.

American Software stock opened at $15.91 on Friday. American Software has a 12-month low of $9.00 and a 12-month high of $16.45. The stock has a market capitalization of $492.93 million, a P/E ratio of 44.55 and a beta of 0.74.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, June 21st. The software maker reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. American Software had a return on equity of 10.02% and a net margin of 10.69%. The business had revenue of $29.36 million during the quarter, compared to analysts’ expectations of $28.59 million. research analysts predict that American Software will post 0.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.11 dividend. The ex-dividend date is Thursday, August 16th. This represents a $0.44 dividend on an annualized basis and a yield of 2.77%. American Software’s payout ratio is 122.22%.

In other news, Director J Michael Edenfield sold 41,402 shares of the business’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $15.22, for a total transaction of $630,138.44. Following the completion of the transaction, the director now directly owns 457,125 shares in the company, valued at approximately $6,957,442.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vincent C. Klinges sold 6,626 shares of the business’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $14.73, for a total value of $97,600.98. Following the transaction, the chief financial officer now owns 103,464 shares of the company’s stock, valued at $1,524,024.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,028 shares of company stock valued at $1,023,139. Corporate insiders own 11.24% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of American Software by 0.8% in the 4th quarter. BlackRock Inc. now owns 1,810,507 shares of the software maker’s stock valued at $21,055,000 after purchasing an additional 14,855 shares during the period. Wells Fargo & Company MN grew its position in shares of American Software by 61.9% in the 1st quarter. Wells Fargo & Company MN now owns 94,054 shares of the software maker’s stock valued at $1,222,000 after purchasing an additional 35,965 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of American Software in the 4th quarter valued at approximately $148,000. Northern Trust Corp grew its position in shares of American Software by 1.5% in the 1st quarter. Northern Trust Corp now owns 365,905 shares of the software maker’s stock valued at $4,757,000 after purchasing an additional 5,265 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of American Software by 126.5% in the 1st quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock valued at $122,000 after purchasing an additional 5,244 shares during the period. Institutional investors own 75.86% 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), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting. The SCM segment provides supply chain management 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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