Shares of American Software, Inc. (NASDAQ:AMSWA) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $12.50 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given American Software an industry rank of 136 out of 265 based on the ratings given to its competitors.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded American Software from a “hold” rating to a “sell” rating in a research note on Monday, December 5th. B. Riley restated a “buy” rating and issued a $12.50 price target on shares of American Software in a research note on Friday, December 9th.
Shares of American Software (NASDAQ:AMSWA) opened at 10.73 on Wednesday. American Software has a one year low of $8.56 and a one year high of $11.94. The company’s 50-day moving average price is $10.49 and its 200-day moving average price is $10.73. The company has a market capitalization of $313.78 million, a price-to-earnings ratio of 41.43 and a beta of 0.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be given a $0.11 dividend. The ex-dividend date is Wednesday, February 8th. This represents a $0.44 annualized dividend and a yield of 4.10%. American Software’s dividend payout ratio (DPR) is presently 169.24%.
In other news, CFO Vincent C. Klinges sold 30,000 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $10.50, for a total transaction of $315,000.00. Following the transaction, the chief financial officer now directly owns 114,910 shares of the company’s stock, valued at approximately $1,206,555. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James R. Mcguone sold 15,523 shares of the stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $10.45, for a total value of $162,215.35. Following the transaction, the insider now directly owns 11,896 shares in the company, valued at $124,313.20. The disclosure for this sale can be found here. Insiders sold a total of 184,650 shares of company stock worth $1,983,462 over the last ninety days. 14.39% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in shares of American Software during the third quarter worth approximately $198,000. BOKF NA raised its stake in shares of American Software by 7.8% in the third quarter. BOKF NA now owns 20,851 shares of the company’s stock worth $231,000 after buying an additional 1,504 shares during the last quarter. Morgan Stanley raised its stake in shares of American Software by 3.0% in the third quarter. Morgan Stanley now owns 66,283 shares of the company’s stock worth $735,000 after buying an additional 1,916 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of American Software by 148.6% in the third quarter. Spark Investment Management LLC now owns 53,200 shares of the company’s stock worth $590,000 after buying an additional 31,800 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of American Software by 0.3% in the third quarter. Northern Trust Corp now owns 408,685 shares of the company’s stock worth $4,536,000 after buying an additional 1,276 shares during the last quarter. 74.43% of the stock is currently owned by institutional investors.
American Software Company Profile
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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