According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “
Separately, B. Riley restated a buy rating and issued a $12.50 target price on shares of American Software in a report on Sunday, June 26th.
Shares of American Software (NASDAQ:AMSWA) opened at 10.91 on Wednesday. The firm has a market capitalization of $317.51 million, a PE ratio of 34.09 and a beta of 0.72. The company’s 50-day moving average is $10.86 and its 200 day moving average is $10.00. American Software has a 52-week low of $8.56 and a 52-week high of $11.94.
American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, August 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. American Software had a net margin of 8.32% and a return on equity of 8.90%. Equities analysts expect that American Software will post $0.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.44 annualized dividend and a dividend yield of 4.03%. American Software’s payout ratio is currently 137.50%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BOKF NA increased its stake in American Software by 0.4% in the second quarter. BOKF NA now owns 19,347 shares of the company’s stock worth $203,000 after buying an additional 80 shares during the period. Stifel Financial Corp increased its stake in American Software by 0.4% in the second quarter. Stifel Financial Corp now owns 62,085 shares of the company’s stock worth $651,000 after buying an additional 233 shares during the period. Alliancebernstein L.P. increased its stake in American Software by 2.2% in the second quarter. Alliancebernstein L.P. now owns 22,792 shares of the company’s stock worth $239,000 after buying an additional 500 shares during the period. Foundry Partners LLC increased its stake in American Software by 0.3% in the second quarter. Foundry Partners LLC now owns 299,237 shares of the company’s stock worth $3,136,000 after buying an additional 875 shares during the period. Finally, Geode Capital Management LLC increased its stake in American Software by 0.6% in the first quarter. Geode Capital Management LLC now owns 163,127 shares of the company’s stock worth $1,468,000 after buying an additional 978 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.
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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