MAM Software Group (MAMS) Posts Earnings Results, Beats Estimates By $0.02 EPS
MAM Software Group (NASDAQ:MAMS) issued its earnings results on Tuesday. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02, Morningstar.com reports. The company had revenue of $9.30 million for the quarter, compared to the consensus estimate of $9.45 million. MAM Software Group had a return on equity of 32.08% and a net margin of 8.97%. MAM Software Group updated its FY 2019 guidance to EPS.
Shares of NASDAQ MAMS opened at $8.06 on Thursday. The company has a market capitalization of $98.75 million, a P/E ratio of 24.42 and a beta of 0.08. MAM Software Group has a 52 week low of $6.68 and a 52 week high of $9.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.07 and a quick ratio of 1.05.
MAMS has been the topic of a number of research reports. ValuEngine downgraded MAM Software Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. B. Riley reiterated a “neutral” rating and issued a $9.25 target price (up previously from $8.50) on shares of MAM Software Group in a report on Thursday, September 13th. Finally, Zacks Investment Research downgraded MAM Software Group from a “hold” rating to a “sell” rating in a report on Thursday, September 20th.
Several hedge funds and other institutional investors have recently made changes to their positions in MAMS. BlackRock Inc. grew its stake in shares of MAM Software Group by 345.8% in the 2nd quarter. BlackRock Inc. now owns 20,152 shares of the technology company’s stock valued at $173,000 after buying an additional 15,632 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of MAM Software Group in the 2nd quarter valued at approximately $296,000. Bandera Partners LLC bought a new stake in shares of MAM Software Group in the 2nd quarter valued at approximately $1,755,000. Finally, Cove Street Capital LLC grew its stake in shares of MAM Software Group by 7.9% in the 2nd quarter. Cove Street Capital LLC now owns 805,537 shares of the technology company’s stock valued at $6,944,000 after buying an additional 59,178 shares in the last quarter. 37.89% of the stock is owned by institutional investors and hedge funds.
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MAM Software Group Company Profile
MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. It provides business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits; e-commerce and online services and products that connect manufacturers, warehouse distributors, retailers, and automotive service providers through the Internet; and customer support and consulting services comprising phone and online support, and implementation and training services.
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