American Software Inc. (NASDAQ:AMSWA) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $12.50 for the company and are forecasting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned American Software an industry rank of 162 out of 265 based on the ratings given to its competitors.
A number of equities analysts have issued reports on the stock. B. Riley restated a “buy” rating and issued a $12.50 price objective on shares of American Software in a research report on Sunday, June 26th. Zacks Investment Research cut shares of American Software from a “buy” rating to a “sell” rating in a research report on Tuesday, August 30th.
Several institutional investors have recently made changes to their positions in AMSWA. State Street Corp boosted its position in shares of American Software by 1.7% in the first quarter. State Street Corp now owns 422,336 shares of the company’s stock valued at $3,804,000 after buying an additional 7,212 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of American Software by 0.6% in the first quarter. Geode Capital Management LLC now owns 163,127 shares of the company’s stock valued at $1,468,000 after buying an additional 978 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of American Software by 4.1% in the first quarter. Renaissance Technologies LLC now owns 1,784,905 shares of the company’s stock valued at $16,064,000 after buying an additional 70,911 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of American Software by 10.3% in the second quarter. North Star Investment Management Corp. now owns 312,069 shares of the company’s stock valued at $3,270,000 after buying an additional 29,105 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of American Software by 0.3% in the second quarter. Foundry Partners LLC now owns 299,237 shares of the company’s stock valued at $3,136,000 after buying an additional 875 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.
American Software (NASDAQ:AMSWA) opened at 10.69 on Thursday. The company has a 50-day moving average of $10.80 and a 200 day moving average of $10.10. The company has a market cap of $311.11 million, a PE ratio of 33.41 and a beta of 0.63. American Software has a 12 month low of $8.56 and a 12 month high of $11.94.
American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. American Software had a net margin of 8.32% and a return on equity of 8.90%. On average, equities analysts forecast that American Software will post $0.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Tuesday, November 8th. American Software’s dividend payout ratio is currently 137.50%.
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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