ValuEngine Downgrades American Software (AMSWA) to Buy

Share on StockTwits

American Software (NASDAQ:AMSWA) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Several other research analysts have also recently issued reports on the stock. B. Riley raised their target price on shares of American Software from $14.50 to $18.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. BidaskClub upgraded shares of American Software from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Finally, Zacks Investment Research cut shares of American Software from a “buy” rating to a “hold” rating in a report on Friday, June 29th.

AMSWA stock opened at $14.61 on Thursday. The company has a market cap of $555.67 million, a price-to-earnings ratio of 40.58 and a beta of 0.72. American Software has a one year low of $10.59 and a one year high of $18.94.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, June 21st. The software maker reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $29.36 million for the quarter, compared to the consensus estimate of $28.59 million. American Software had a net margin of 10.69% and a return on equity of 10.02%. sell-side analysts predict that American Software will post 0.45 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its holdings in shares of American Software by 0.8% during the 1st quarter. New York State Common Retirement Fund now owns 506,231 shares of the software maker’s stock valued at $6,581,000 after buying an additional 4,216 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of American Software by 126.5% during the 1st quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock valued at $122,000 after buying an additional 5,244 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of American Software by 1.5% during the 1st quarter. Northern Trust Corp now owns 365,905 shares of the software maker’s stock valued at $4,757,000 after buying an additional 5,265 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of American Software by 8.1% during the 1st quarter. California Public Employees Retirement System now owns 79,876 shares of the software maker’s stock valued at $1,038,000 after buying an additional 5,976 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of American Software by 13.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,761 shares of the software maker’s stock valued at $900,000 after buying an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.

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.

Featured Article: Hedge Funds – How They Work For Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for American Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply