Somewhat Positive Press Coverage Somewhat Unlikely to Impact American Software (AMSWA) Stock Price
News articles about American Software (NASDAQ:AMSWA) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. American Software earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.2453605000542 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts recently issued reports on AMSWA shares. B. Riley restated a “buy” rating and issued a $12.25 price target on shares of American Software in a research note on Sunday, June 25th. Zacks Investment Research upgraded American Software from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, BidaskClub downgraded American Software from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th.
American Software (NASDAQ:AMSWA) traded down 0.64% during mid-day trading on Friday, reaching $9.30. The company had a trading volume of 37,631 shares. The stock has a 50-day moving average of $9.75 and a 200 day moving average of $10.42. The company has a market capitalization of $276.41 million, a price-to-earnings ratio of 18.98 and a beta of 0.79. American Software has a 12-month low of $9.00 and a 12-month high of $12.10.
American Software (NASDAQ:AMSWA) last released its earnings results on Friday, June 23rd. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.13. American Software had a return on equity of 15.09% and a net margin of 13.76%. The business had revenue of $26.27 million during the quarter, compared to the consensus estimate of $27.72 million. On average, analysts expect that American Software will post $0.29 EPS for the current year.
In other news, Director J Michael Edenfield sold 42,580 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $10.54, for a total value of $448,793.20. Following the completion of the transaction, the director now directly owns 458,333 shares of the company’s stock, valued at $4,830,829.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James R. Mcguone sold 3,095 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $10.67, for a total value of $33,023.65. Following the completion of the transaction, the insider now directly owns 3,095 shares of the company’s stock, valued at $33,023.65. The disclosure for this sale can be found here. Insiders sold 47,680 shares of company stock valued at $502,989 over the last three months. Company insiders own 13.89% of the company’s stock.
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About American Software
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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