American Software (NASDAQ:AMSWA) Lowered to Buy at ValuEngine
A number of other research firms also recently weighed in on AMSWA. BidaskClub upgraded American Software from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. B. Riley upgraded American Software from a “neutral” rating to a “buy” rating and upped their target price for the stock from $13.00 to $17.00 in a research report on Thursday, August 29th. Finally, William Blair restated an “outperform” rating on shares of American Software in a research report on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $14.68.
AMSWA stock traded down $0.07 on Monday, reaching $14.85. The company’s stock had a trading volume of 106,271 shares, compared to its average volume of 75,526. American Software has a 52 week low of $8.99 and a 52 week high of $16.06. The company has a market capitalization of $476.60 million, a P/E ratio of 53.04 and a beta of 0.56. The firm has a fifty day moving average of $14.24 and a two-hundred day moving average of $13.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.61.
In other news, Director J Michael Edenfield sold 6,020 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $14.36, for a total value of $86,447.20. Following the transaction, the director now directly owns 421,743 shares of the company’s stock, valued at $6,056,229.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bryan L. Sell sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $13.13, for a total transaction of $52,520.00. Following the completion of the transaction, the insider now directly owns 4,000 shares in the company, valued at $52,520. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,730 shares of company stock worth $1,647,209. Company insiders own 11.19% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in American Software by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,155,992 shares of the software maker’s stock worth $12,080,000 after buying an additional 15,304 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in American Software by 2,671.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock worth $72,000 after buying an additional 5,770 shares during the last quarter. Victory Capital Management Inc. acquired a new position in American Software during the first quarter worth $909,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in American Software by 42.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 23,440 shares of the software maker’s stock worth $280,000 after buying an additional 6,973 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in American Software by 200.4% during the first quarter. Martingale Asset Management L P now owns 175,415 shares of the software maker’s stock worth $2,097,000 after buying an additional 117,015 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.
American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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