American Software (NASDAQ:AMSWA) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of American Software (NASDAQ:AMSWA) in a report published on Friday. The firm issued a buy rating on the software maker’s stock.

Separately, Maxim Group upped their price target on American Software from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

American Software Stock Performance

Shares of NASDAQ:AMSWA opened at $10.95 on Friday. The business has a fifty day moving average of $10.99 and a 200-day moving average of $10.31. The firm has a market cap of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. American Software has a twelve month low of $8.41 and a twelve month high of $12.27.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a return on equity of 8.98% and a net margin of 10.39%. The firm had revenue of $26.19 million for the quarter, compared to analyst estimates of $24.89 million. During the same period last year, the company earned $0.08 EPS. On average, analysts anticipate that American Software will post 0.19 EPS for the current fiscal year.

American Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, November 15th. American Software’s payout ratio is presently 129.41%.

Institutional Trading of American Software

Several hedge funds have recently added to or reduced their stakes in the company. Foundry Partners LLC bought a new position in shares of American Software during the first quarter worth approximately $3,852,000. Essex Investment Management Co. LLC acquired a new stake in American Software during the third quarter worth approximately $2,980,000. 272 Capital LP increased its stake in American Software by 36.7% during the 2nd quarter. 272 Capital LP now owns 438,701 shares of the software maker’s stock worth $4,005,000 after acquiring an additional 117,837 shares during the period. PFG Investments LLC acquired a new position in American Software in the 3rd quarter valued at $1,192,000. Finally, Isthmus Partners LLC lifted its position in shares of American Software by 49.8% during the 1st quarter. Isthmus Partners LLC now owns 276,616 shares of the software maker’s stock valued at $3,167,000 after acquiring an additional 92,006 shares during the period. 76.98% of the stock is owned by institutional investors and hedge funds.

American Software Company Profile

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.