Shares of American Software, Inc. (NASDAQ:AMSWA) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. American Software’s rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 12-month consensus price target of $18.00 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given American Software an industry rank of 49 out of 255 based on the ratings given to related companies.

A number of research firms have recently issued reports on AMSWA. BidaskClub upgraded shares of American Software from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research upgraded shares of American Software from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, July 4th. B. Riley lifted their price objective on shares of American Software from $14.50 to $18.00 and gave the company a “buy” rating in a report on Friday, June 22nd. Finally, ValuEngine upgraded shares of American Software from a “buy” rating to a “strong-buy” rating in a report on Friday, July 6th.

In related news, CFO Vincent C. Klinges sold 6,626 shares of the business’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $14.73, for a total transaction of $97,600.98. Following the transaction, the chief financial officer now directly owns 103,464 shares in the company, valued at $1,524,024.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director J Michael Edenfield sold 20,000 shares of the business’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $14.77, for a total transaction of $295,400.00. Following the transaction, the director now owns 435,723 shares in the company, valued at $6,435,628.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,028 shares of company stock worth $1,023,139. 11.24% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in shares of American Software by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 527,069 shares of the software maker’s stock valued at $7,679,000 after purchasing an additional 10,179 shares during the last quarter. Cozad Asset Management Inc. acquired a new position in shares of American Software in the second quarter valued at $2,172,000. Millennium Management LLC increased its holdings in shares of American Software by 6.3% in the second quarter. Millennium Management LLC now owns 124,757 shares of the software maker’s stock valued at $1,818,000 after purchasing an additional 7,426 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of American Software by 3.5% in the second quarter. Renaissance Technologies LLC now owns 2,149,600 shares of the software maker’s stock valued at $31,320,000 after purchasing an additional 73,500 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of American Software in the second quarter valued at $437,000. Institutional investors and hedge funds own 75.20% of the company’s stock.

AMSWA traded down $0.03 during trading on Tuesday, reaching $17.95. The company had a trading volume of 187,100 shares, compared to its average volume of 80,940. American Software has a 12 month low of $10.59 and a 12 month high of $18.94. The firm has a market cap of $555.67 million, a P/E ratio of 49.86 and a beta of 0.72.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Thursday, June 21st. The software maker reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. American Software had a net margin of 10.69% and a return on equity of 10.02%. The company had revenue of $29.36 million for the quarter, compared to the consensus estimate of $28.59 million. research analysts forecast that American Software will post 0.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 16th. This represents a $0.44 dividend on an annualized basis and a yield of 2.45%. American Software’s payout ratio is 122.22%.

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), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting. The SCM segment provides supply chain management 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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