StockNews.com Initiates Coverage on American Software (NASDAQ:AMSWA)

StockNews.com started coverage on shares of American Software (NASDAQ:AMSWA) in a research note published on Wednesday. The firm issued a buy rating on the software maker’s stock.

Separately, Maxim Group boosted their price objective on American Software from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

American Software Price Performance

Shares of American Software stock opened at $10.95 on Wednesday. The company has a market cap of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. The firm has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $10.35. American Software has a fifty-two week low of $8.41 and a fifty-two week high of $12.27.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The business 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 earned $0.08 earnings per share. Analysts expect that American Software will post 0.19 earnings per share for the current fiscal year.

American Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, November 15th. American Software’s dividend payout ratio (DPR) is presently 129.41%.

Hedge Funds Weigh In On American Software

Hedge funds have recently modified their holdings of the stock. Foundry Partners LLC acquired a new stake in shares of American Software during the 1st quarter worth about $3,852,000. Vanguard Group Inc. grew its stake in American Software by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,429,019 shares of the software maker’s stock worth $27,812,000 after buying an additional 53,284 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of American Software during the first quarter worth approximately $868,000. 272 Capital LP raised its stake in shares of American Software by 36.7% in the second quarter. 272 Capital LP now owns 438,701 shares of the software maker’s stock valued at $4,005,000 after acquiring an additional 117,837 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of American Software by 20.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock worth $276,000 after acquiring an additional 4,111 shares in the last quarter. 76.98% of the stock is owned by institutional investors and hedge funds.

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.