American Software (NASDAQ:AMSWA) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of American Software (NASDAQ:AMSWAFree Report) from a buy rating to a hold rating in a research note issued to investors on Monday.

Separately, B. Riley cut their target price on American Software from $17.00 to $16.00 and set a buy rating on the stock in a research note on Friday, November 17th.

Check Out Our Latest Stock Analysis on AMSWA

American Software Stock Up 0.2 %

NASDAQ:AMSWA opened at $11.76 on Monday. The business’s 50 day moving average is $10.76 and its two-hundred day moving average is $10.99. American Software has a 52 week low of $9.38 and a 52 week high of $15.88. The company has a market cap of $401.84 million, a PE ratio of 35.64 and a beta of 0.71.

American Software (NASDAQ:AMSWAGet Free Report) last announced its quarterly earnings results on Thursday, November 16th. The software maker reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $25.69 million for the quarter, compared to the consensus estimate of $26.80 million. American Software had a return on equity of 7.94% and a net margin of 9.78%. As a group, sell-side analysts expect that American Software will post 0.17 EPS for the current fiscal year.

American Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, February 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.44 annualized dividend and a yield of 3.74%. American Software’s payout ratio is 133.33%.

Institutional Trading of American Software

Several hedge funds have recently added to or reduced their stakes in AMSWA. Independent Advisor Alliance raised its holdings in American Software by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 113,603 shares of the software maker’s stock valued at $1,302,000 after acquiring an additional 1,756 shares in the last quarter. Denali Advisors LLC acquired a new position in American Software in the 3rd quarter valued at approximately $334,000. Mackenzie Financial Corp raised its holdings in American Software by 31.9% in the 3rd quarter. Mackenzie Financial Corp now owns 16,746 shares of the software maker’s stock valued at $187,000 after acquiring an additional 4,054 shares in the last quarter. Raymond James & Associates raised its holdings in American Software by 0.6% in the 3rd quarter. Raymond James & Associates now owns 152,602 shares of the software maker’s stock valued at $1,749,000 after acquiring an additional 980 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in American Software by 68.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 970,048 shares of the software maker’s stock valued at $10,195,000 after acquiring an additional 395,826 shares in the last quarter. Institutional investors own 79.94% of the company’s stock.

About American Software

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American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.

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