American Software (NASDAQ:AMSWA) Now Covered by Analysts at StockNews.com

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

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

American Software Stock Performance

American Software stock opened at $10.95 on Thursday. The firm 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 fifty-two week low of $8.41 and a fifty-two week high of $12.27. The stock’s fifty day moving average is $10.92 and its two-hundred day moving average is $10.34.

American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $24.89 million. During the same period in the prior year, the business posted $0.08 earnings per share. As a group, sell-side analysts forecast that American Software will post 0.19 EPS for the current fiscal year.

American Software Dividend Announcement

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

Institutional Investors Weigh In On American Software

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

American Software Company Profile

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.