B. Riley Boosts American Software (AMSWA) Price Target to $14.00
American Software (NASDAQ:AMSWA) had its price target raised by B. Riley from $12.25 to $14.00 in a research report released on Monday morning, StockTargetPrices.com reports. They currently have a buy rating on the software maker’s stock. B. Riley also issued estimates for American Software’s Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.28 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.33 EPS.
Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded American Software from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Monday, September 25th. BidaskClub cut American Software from a buy rating to a hold rating in a research note on Saturday, December 2nd.
Shares of American Software (NASDAQ:AMSWA) opened at $11.91 on Monday. American Software has a 1-year low of $9.00 and a 1-year high of $13.05. The stock has a market capitalization of $348.10, a P/E ratio of 19.85 and a beta of 0.81.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, February 8th. American Software’s dividend payout ratio (DPR) is currently 74.58%.
In other American Software news, President H Allan Dow sold 4,222 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.06, for a total transaction of $46,695.32. Following the completion of the sale, the president now directly owns 43,688 shares in the company, valued at $483,189.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis Hogue sold 9,707 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $10.78, for a total value of $104,641.46. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $161,700. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,985 shares of company stock valued at $1,426,420. 13.89% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMSWA. California Public Employees Retirement System lifted its stake in American Software by 2.5% during the first quarter. California Public Employees Retirement System now owns 80,700 shares of the software maker’s stock worth $830,000 after purchasing an additional 2,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of American Software by 4.1% during the first quarter. Vanguard Group Inc. now owns 1,190,047 shares of the software maker’s stock worth $12,234,000 after buying an additional 46,559 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of American Software by 3.4% during the first quarter. Geode Capital Management LLC now owns 220,078 shares of the software maker’s stock worth $2,262,000 after buying an additional 7,276 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American Software by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 887,195 shares of the software maker’s stock worth $9,121,000 after buying an additional 23,792 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of American Software by 175.1% during the first quarter. Bank of America Corp DE now owns 20,426 shares of the software maker’s stock worth $210,000 after buying an additional 13,000 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.
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American Software Company Profile
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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