American Software (NASDAQ: AMSWA) turned into upgraded by equities researchers at BidaskClub from a “hold” rating to a “purchase” rating in a report issued on Thursday, January 24th. Other analysts also recently issued studies reports about the inventory. TheStreet downgraded stocks of American Software from a “b-” rating to a “c+” score in a document on Tuesday, October ninth.
Zacks Investment Research raised shares of American Software from a “sell” score to a “keep” rating in a record on Tuesday, November sixth. Finally, B. Riley set a $12.00 fee goal on shares of American Software and gave the stock a “preserve” rating in a record on Wednesday, November twenty-eighth. Two investment analysts have rated the stock with a hold rating, and two have issued a purchase rating. The inventory presently has a consensus rating of “Buy” and an average target rate of $14.50.
Shares of AMSWA opened at $eleven.41 on Thursday. American Software has a 52 week low of $eight.99 and a 52 week excessive of $18.Ninety-four. The inventory has a marketplace capitalization of $353.21 million, a P/E ratio of 31.69, and a beta of 0.Sixty-three. American Software (NASDAQ: AMSWA) remaining announced its quarterly profits outcomes on Thursday, November twenty-ninth.
The software maker pronounced $0.06 EPS for the region, beating the Zacks consensus estimate of $zero.04 by using $0.02. American Software had a net margin of 8.25% and a return on equity of 8.28%. The enterprise had sales of $28.03 million for the region compared to analyst estimates of $28.59 million. Equities analysts forecast that American Software will submit zero.24 earnings consistent with a share for the modern-day 12 months.
In other American Software information, President H Allan Dow sold sixty-eight,194 stocks of the organization’s inventory in a transaction that came about on Monday, December seventeenth. The shares were offered at an average rate of $9.84, for a total cost of $671,028.96. Following the completion of the transaction, the president now at once owns 124,348 shares within the organization, valued at approximately $1,223,584.32. The sale becomes disclosed in a filing with the SEC, which is available at this hyperlink.
Also, Director Dennis Hogue sold 3,000 shares of the business enterprise’s inventory in a transaction that passed off on Friday, December 21st. The stocks have been bought at a median rate of $nine.23 for a total transaction of $27,690.00. Following the final touch of the transaction, the director now owns 28,124 shares of the employer’s stock, worth $259,584.52. The disclosure for this sale can be found here. In the closing ninety days, insiders have bought eighty-four 900 stocks of agency stock valued at $842,521. Eleven.24% of the inventory is currently owned by using insiders.
Hedge finances and other institutional buyers have these days made changes to their positions in the enterprise. BlackRock Inc. Accelerated its position in stocks of American Software using 1.0% for the duration of the fourth sector. BlackRock Inc. Now owns 1,975,477 shares of the software program maker’s stock well worth $20,644,000 after shopping for a further 18,855 shares at some stage in length. New York State Common Retirement Fund accelerated its position in stocks of American Software by way of 1.1% throughout the fourth region. New York State Common Retirement Fund now owns 512,046 stocks of the software program maker’s stock really worth $five,351,000 after shopping for an extra five,815 shares at some point of the duration.
First Trust Advisors LP accelerated its function in stocks of American Software with the aid of 18.9% during the fourth quarter. First Trust Advisors LP now owns forty-nine,283 stocks of the software maker’s stock worth $515,000 after shopping for an additional 7,850 shares all through the length. Kayne Anderson Rudnick Investment Management LLC expanded its role in shares of American
Software via 10.4% throughout the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,552,623 stocks of the software maker’s stock worth $26,675,000 after shopping for a further 239,792 stocks for the duration. Finally, Algert Global LLC received a brand new stake in shares of American Software in the fourth area, well worth $207,000. Hedge price range and other institutional investors very own 79—ninety-two % of the agency’s inventory.
American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services globally. It operates in 3 segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM section presents deliver chain control and retail planning answers, together with sales and operations planning, demand and inventory optimization, production planning and scheduling, delivery optimization, retail allocation, and merchandise planning, and transportation optimization answers to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of merchandise among trading companions.