American Software (NASDAQ:AMSWA) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of American Software (NASDAQ:AMSWA) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

Separately, Maxim Group boosted their price target on American Software from $16.00 to $17.00 and gave the stock a buy rating in a research note on Friday, August 23rd.

American Software Stock Down 2.1 %

NASDAQ:AMSWA opened at $10.95 on Tuesday. The stock has a market capitalization of $364.43 million, a price-to-earnings ratio of 32.21 and a beta of 0.76. American Software has a 52 week low of $8.41 and a 52 week high of $12.27. The firm has a 50 day moving average of $10.79 and a 200 day moving average of $10.37.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a return on equity of 8.98% and a net margin of 10.39%. The firm had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. During the same quarter in the prior year, the business posted $0.08 EPS. As a group, analysts expect that American Software will post 0.19 EPS for the current year.

American Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, November 15th. American Software’s payout ratio is 129.41%.

Institutional Trading of American Software

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its holdings in American Software by 2.1% during the fourth quarter. Wellington Management Group LLP now owns 342,125 shares of the software maker’s stock worth $3,866,000 after acquiring an additional 7,100 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of American Software by 15.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock valued at $211,000 after purchasing an additional 2,500 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of American Software in the 1st quarter valued at $168,000. Oppenheimer Asset Management Inc. boosted its holdings in American Software by 20.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock worth $276,000 after buying an additional 4,111 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in American Software during the first quarter valued at $868,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

About American Software

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.