Zacks: Brokerages Set $14.00 Price Target for American Software, Inc. (AMSWA)
American Software, Inc. (NASDAQ:AMSWA) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $14.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned American Software an industry rank of 105 out of 265 based on the ratings given to its competitors.
A number of research firms have issued reports on AMSWA. Zacks Investment Research downgraded shares of American Software from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $14.00 price target (up from $12.25) on shares of American Software in a research note on Tuesday, November 28th.
In other news, Director J Michael Edenfield sold 26,579 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $11.91, for a total value of $316,555.89. Following the completion of the sale, the director now directly owns 442,332 shares of the company’s stock, valued at approximately $5,268,174.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bryan L. Sell sold 8,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the completion of the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at $46,760. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,118 shares of company stock valued at $1,675,547. 13.89% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMSWA. Citadel Advisors LLC bought a new stake in American Software during the 2nd quarter worth approximately $133,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in American Software during the 3rd quarter worth approximately $137,000. GSA Capital Partners LLP increased its stake in American Software by 5.4% during the 2nd quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock worth $140,000 after purchasing an additional 700 shares in the last quarter. Bank of Montreal Can increased its stake in American Software by 957.5% during the 4th quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock worth $145,000 after purchasing an additional 11,270 shares in the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in American Software during the 3rd quarter worth approximately $167,000. 74.71% of the stock is owned by institutional investors and hedge funds.
American Software (NASDAQ AMSWA) traded up $0.04 during trading on Monday, reaching $12.92. 58,305 shares of the company’s stock were exchanged, compared to its average volume of 85,433. American Software has a 52 week low of $9.00 and a 52 week high of $13.29. The firm has a market cap of $389.57, a P/E ratio of 22.67 and a beta of 0.82.
American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, November 30th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a net margin of 16.73% and a return on equity of 17.27%. analysts forecast that American Software will post 0.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.41%. American Software’s dividend payout ratio (DPR) is presently 77.19%.
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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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