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

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

Separately, Maxim Group lifted their target price on shares of 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 Price Performance

Shares of AMSWA traded down $0.24 during trading hours on Friday, hitting $10.95. 121,400 shares of the company were exchanged, compared to its average volume of 220,269. American Software has a one year low of $8.41 and a one year high of $12.27. The company has a market capitalization of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. The firm has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $10.31.

American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $26.19 million for the quarter, compared to the consensus estimate of $24.89 million. American Software had a return on equity of 8.98% and a net margin of 10.39%. During the same period last year, the business earned $0.08 earnings per share. Sell-side analysts expect that American Software will post 0.19 EPS for the current year.

American Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 4.02%. American Software’s dividend payout ratio (DPR) is currently 129.41%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of American Software by 2.5% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 159,089 shares of the software maker’s stock worth $1,780,000 after purchasing an additional 3,900 shares in the last quarter. PFG Investments LLC bought a new stake in shares of American Software during the 3rd quarter worth approximately $1,192,000. Ballentine Partners LLC bought a new stake in shares of American Software during the 3rd quarter worth approximately $133,000. Allspring Global Investments Holdings LLC increased its holdings in shares of American Software by 14.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,700 shares of the software maker’s stock worth $288,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of American Software during the 3rd quarter worth approximately $2,980,000. 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.