BidaskClub cut shares of American Software (NASDAQ:AMSWA) from a buy rating to a hold rating in a research note published on Wednesday, BidAskClub reports.

A number of other equities research analysts have also issued reports on AMSWA. William Blair reissued an outperform rating on shares of American Software in a report on Thursday, June 20th. ValuEngine lowered shares of American Software from a strong-buy rating to a buy rating in a report on Monday, September 16th. B. Riley raised shares of American Software from a neutral rating to a buy rating and upped their price objective for the company from $13.00 to $17.00 in a report on Thursday, August 29th. Finally, Zacks Investment Research lowered shares of American Software from a buy rating to a hold rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. American Software has an average rating of Buy and a consensus target price of $14.68.

Shares of AMSWA opened at $15.08 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. American Software has a 12-month low of $8.99 and a 12-month high of $16.06. The firm has a 50-day moving average price of $14.36 and a 200 day moving average price of $13.26. The firm has a market capitalization of $468.92 million, a P/E ratio of 53.39 and a beta of 0.56.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. American Software had a net margin of 6.04% and a return on equity of 7.57%. The firm had revenue of $27.38 million during the quarter, compared to analyst estimates of $27.49 million. Equities research analysts predict that American Software will post 0.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a $0.11 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.44 dividend on an annualized basis and a yield of 2.92%. American Software’s payout ratio is currently 157.14%.

In other American Software news, Director J Michael Edenfield sold 34,335 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.24, for a total value of $523,265.40. Following the transaction, the director now owns 450,058 shares of the company’s stock, valued at $6,858,883.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James R. Mcguone sold 3,981 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.23, for a total transaction of $60,630.63. Following the completion of the transaction, the insider now directly owns 3,981 shares in the company, valued at approximately $60,630.63. The disclosure for this sale can be found here. Insiders sold 150,508 shares of company stock worth $2,224,968 in the last ninety days. 11.19% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of AMSWA. FMR LLC increased its stake in shares of American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after buying an additional 1,075 shares during the period. Bank of Montreal Can increased its stake in shares of American Software by 206.5% during the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after buying an additional 2,387 shares during the period. Aperio Group LLC purchased a new stake in shares of American Software during the second quarter worth approximately $67,000. BNP Paribas Arbitrage SA increased its stake in shares of 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 period. Finally, JPMorgan Chase & Co. increased its stake in shares of American Software by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock worth $105,000 after buying an additional 946 shares during the period. 77.63% of the stock is currently owned by institutional investors and hedge funds.

About American Software

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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