American Software (NASDAQ:AMSWA) Downgraded by StockNews.com

StockNews.com downgraded shares of American Software (NASDAQ:AMSWA) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

Separately, Maxim Group upped their price objective on American Software from $16.00 to $17.00 and gave the stock a buy rating in a research note on Friday, August 23rd.

American Software Trading Down 2.1 %

Shares of AMSWA opened at $10.95 on Tuesday. The firm has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $10.36. The firm has a market cap of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. American Software has a 1-year low of $8.41 and a 1-year high of $12.27.

American Software (NASDAQ:AMSWA) last announced its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The company had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. During the same period in the previous year, the business posted $0.08 earnings per share. As a group, research analysts forecast that American Software will post 0.19 EPS for the current fiscal year.

American Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, November 15th. American Software’s payout ratio is 129.41%.

Hedge Funds Weigh In On American Software

A number of hedge funds have recently modified their holdings of AMSWA. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of American Software by 0.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 155,189 shares of the software maker’s stock worth $1,417,000 after buying an additional 950 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of American Software by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 18,379 shares of the software maker’s stock valued at $168,000 after purchasing an additional 1,633 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in American Software by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,651 shares of the software maker’s stock worth $397,000 after acquiring an additional 1,976 shares during the last quarter. Connors Investor Services Inc. lifted its position in American Software by 10.0% during the second quarter. Connors Investor Services Inc. now owns 22,000 shares of the software maker’s stock valued at $201,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of American Software by 15.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock worth $211,000 after buying an additional 2,500 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors.

American Software Company Profile

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.