Equities analysts expect American Software, Inc. (NASDAQ:AMSWA) to post $0.05 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Software’s earnings. American Software posted earnings per share of $0.04 during the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is expected to announce its next quarterly earnings report on Thursday, June 17th.
According to Zacks, analysts expect that American Software will report full year earnings of $0.27 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.27 per share, with EPS estimates ranging from $0.26 to $0.27. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for American Software.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Tuesday, February 23rd. The software maker reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. American Software had a return on equity of 6.39% and a net margin of 5.70%. The firm had revenue of $27.68 million during the quarter, compared to the consensus estimate of $27.75 million.
Several equities research analysts recently weighed in on the company. B. Riley increased their price target on American Software from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, February 18th. Zacks Investment Research raised American Software from a “sell” rating to a “hold” rating in a report on Tuesday, March 2nd. Finally, Sidoti downgraded American Software from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a report on Wednesday, February 10th.
Shares of NASDAQ AMSWA opened at $20.26 on Monday. The stock has a fifty day moving average price of $20.54 and a 200 day moving average price of $17.81. American Software has a 1-year low of $13.25 and a 1-year high of $21.92. The company has a market cap of $662.66 million, a PE ratio of 101.31 and a beta of 0.51.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Friday, May 7th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, May 6th. American Software’s dividend payout ratio (DPR) is currently 169.23%.
In other news, insider Bryan L. Sell sold 7,000 shares of the firm’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $21.10, for a total value of $147,700.00. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at $42,200. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Matthew G. Mckenna sold 9,000 shares of the firm’s stock in a transaction on Thursday, March 25th. The shares were sold at an average price of $20.40, for a total value of $183,600.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $163,200. The disclosure for this sale can be found here. In the last three months, insiders sold 36,089 shares of company stock valued at $737,735. 9.11% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Intercontinental Wealth Advisors LLC purchased a new position in shares of American Software in the fourth quarter valued at $569,000. BlackRock Inc. increased its position in American Software by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,152,460 shares of the software maker’s stock worth $36,958,000 after purchasing an additional 36,462 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in American Software during the 4th quarter worth about $910,000. William Blair Investment Management LLC increased its position in American Software by 10.8% during the 4th quarter. William Blair Investment Management LLC now owns 878,050 shares of the software maker’s stock worth $15,076,000 after purchasing an additional 85,851 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in American Software by 35.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 323,265 shares of the software maker’s stock worth $4,539,000 after purchasing an additional 84,203 shares in the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.
American Software Company Profile
American Software, Inc develops, markets, and supports a range of computer business application software products and services in the United States and internationally. It operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers supply chain optimization and retail planning solutions, including sales and operations planning, demand optimization, inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization to streamline and optimize the forecasting, inventory, production, supply, allocation, distribution, and management of products between trading partners.
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