BidaskClub cut shares of American Software (NASDAQ:AMSWA) from a hold rating to a sell rating in a research note published on Thursday, BidAskClub reports.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded American Software from a sell rating to a hold rating in a report on Wednesday, January 22nd. B. Riley lowered American Software from a buy rating to a neutral rating and set a $17.00 target price on the stock. in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $14.68.

Shares of NASDAQ:AMSWA traded up $0.01 during midday trading on Thursday, hitting $15.19. 31,200 shares of the stock were exchanged, compared to its average volume of 73,532. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.74 and a current ratio of 2.74. American Software has a 52-week low of $11.18 and a 52-week high of $17.11. The business’s fifty day simple moving average is $15.00 and its two-hundred day simple moving average is $15.13. The company has a market capitalization of $469.69 million, a PE ratio of 69.05 and a beta of 0.45.

American Software (NASDAQ:AMSWA) last posted its earnings results on Thursday, November 21st. The software maker reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. American Software had a return on equity of 7.76% and a net margin of 6.51%. The company had revenue of $28.21 million for the quarter, compared to analyst estimates of $28.21 million. As a group, equities analysts anticipate that American Software will post 0.22 EPS for the current year.

In other news, President H Allan Dow sold 4,383 shares of American Software stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $15.90, for a total value of $69,689.70. Following the transaction, the president now directly owns 60,537 shares in the company, valued at $962,538.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 44,839 shares of company stock worth $707,225. Corporate insiders own 11.19% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Usca Ria LLC bought a new position in shares of American Software in the third quarter worth about $29,000. FMR LLC increased its stake in shares of American Software by 107.5% in the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of American Software in the fourth quarter worth about $32,000. Great West Life Assurance Co. Can bought a new position in shares of American Software in the fourth quarter worth about $40,000. Finally, Russell Investments Group Ltd. bought a new position in shares of American Software in the third quarter worth about $90,000. Institutional investors and hedge funds own 76.57% 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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