American Software, Inc. (NASDAQ:AMSWA) hit a new 52-week low on Tuesday after B. Riley lowered their price target on the stock from $13.50 to $11.50. B. Riley currently has a neutral rating on the stock. American Software traded as low as $10.16 and last traded at $10.85, with a volume of 2392 shares traded. The stock had previously closed at $10.93.
Other equities research analysts have also issued reports about the company. BidaskClub lowered American Software from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 8th. ValuEngine cut American Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 6th. TheStreet cut American Software from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. Finally, Zacks Investment Research upgraded American Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.25.
In related news, Director J Michael Edenfield sold 10,300 shares of American Software stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $13.10, for a total value of $134,930.00. Following the completion of the sale, the director now owns 426,023 shares of the company’s stock, valued at $5,580,901.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.24% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of American Software by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 527,069 shares of the software maker’s stock worth $7,679,000 after acquiring an additional 10,179 shares during the period. BlackRock Inc. boosted its stake in shares of American Software by 7.9% in the second quarter. BlackRock Inc. now owns 1,956,860 shares of the software maker’s stock worth $28,512,000 after acquiring an additional 143,326 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Software in the second quarter worth about $191,000. Acadian Asset Management LLC boosted its stake in shares of American Software by 26.4% in the third quarter. Acadian Asset Management LLC now owns 202,242 shares of the software maker’s stock worth $2,453,000 after acquiring an additional 42,191 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of American Software by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,095,162 shares of the software maker’s stock worth $15,957,000 after acquiring an additional 40,743 shares during the period. 75.54% of the stock is owned by institutional investors and hedge funds.
The company has a market capitalization of $340.26 million, a price-to-earnings ratio of 30.14 and a beta of 0.77.
American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Tuesday, September 4th. The software maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $27.40 million during the quarter, compared to the consensus estimate of $28.68 million. American Software had a return on equity of 9.02% and a net margin of 9.46%. Sell-side analysts anticipate that American Software, Inc. will post 0.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be given a $0.11 dividend. The ex-dividend date is Thursday, February 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.06%. American Software’s dividend payout ratio is currently 122.22%.
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About American Software (NASDAQ:AMSWA)
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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