American Software, Inc. (NASDAQ:AMSWA) Receives Consensus Recommendation of “Buy” from Analysts

American Software, Inc. (NASDAQ:AMSWAGet Rating) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.33.

A number of analysts recently commented on AMSWA shares. B. Riley cut their target price on shares of American Software from $24.50 to $23.00 in a research note on Thursday, February 24th. StockNews.com raised American Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 25th. Finally, Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th.

A number of institutional investors have recently made changes to their positions in the business. Eagle Bay Advisors LLC bought a new position in American Software in the 3rd quarter worth $38,000. Quantbot Technologies LP acquired a new position in shares of American Software during the 1st quarter worth about $37,000. FMR LLC boosted its stake in American Software by 107.5% during the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after purchasing an additional 1,075 shares during the period. Advisor Group Holdings Inc. grew its holdings in American Software by 387.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 3,118 shares of the software maker’s stock valued at $74,000 after buying an additional 2,478 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in American Software by 308.4% in the 3rd quarter. Macquarie Group Ltd. now owns 3,753 shares of the software maker’s stock worth $89,000 after buying an additional 2,834 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Shares of AMSWA stock traded up $0.58 during trading hours on Friday, reaching $17.50. The stock had a trading volume of 63,342 shares, compared to its average volume of 93,668. The firm has a market capitalization of $587.27 million, a PE ratio of 45.73 and a beta of 0.83. The firm has a 50-day simple moving average of $18.43 and a 200-day simple moving average of $21.89. American Software has a twelve month low of $15.02 and a twelve month high of $33.26.

American Software (NASDAQ:AMSWAGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. American Software had a return on equity of 9.77% and a net margin of 10.09%. The company had revenue of $32.42 million during the quarter, compared to analyst estimates of $30.27 million. During the same quarter in the previous year, the firm posted $0.07 EPS. Analysts predict that American Software will post 0.31 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, August 11th. This represents a $0.44 annualized dividend and a yield of 2.51%. American Software’s dividend payout ratio (DPR) is currently 118.92%.

About American Software (Get Rating)

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment provides demand optimization, inventory optimization, supply optimization, retail optimization, quality and compliance, PLM, sourcing management, and integrated business planning services.

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