Zacks Investment Research Lowers American Software (AMSWA) to Hold

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American Software (NASDAQ:AMSWA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

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. “

Several other research firms also recently issued reports on AMSWA. B. Riley set a $12.00 price objective on shares of American Software and gave the company a “hold” rating in a report on Wednesday, November 28th. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.50.

AMSWA stock traded up $0.18 during midday trading on Monday, hitting $11.52. 118,109 shares of the stock traded hands, compared to its average volume of 65,950. The firm has a market cap of $356.61 million, a PE ratio of 32.00 and a beta of 0.63. American Software has a 1-year low of $8.99 and a 1-year high of $18.94.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, November 29th. The software maker reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $28.03 million for the quarter, compared to analyst estimates of $28.59 million. American Software had a net margin of 8.25% and a return on equity of 8.28%. Research analysts predict that American Software will post 0.24 EPS for the current year.

In other news, insider James C. Edenfield sold 2,800 shares of the firm’s stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $10.61, for a total value of $29,708.00. Following the transaction, the insider now directly owns 62,800 shares of the company’s stock, valued at $666,308. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President H Allan Dow sold 68,194 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $9.84, for a total transaction of $671,028.96. Following the completion of the transaction, the president now directly owns 124,348 shares in the company, valued at $1,223,584.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,900 shares of company stock worth $842,521. Insiders own 11.24% of the company’s stock.

Large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY lifted its stake in shares of American Software by 413.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,280 shares of the software maker’s stock worth $97,000 after buying an additional 7,474 shares in the last quarter. Millennium Management LLC purchased a new position in American Software during the fourth quarter worth about $117,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in American Software during the third quarter worth about $150,000. Engineers Gate Manager LP purchased a new position in American Software during the third quarter worth about $180,000. Finally, Algert Global LLC purchased a new position in American Software during the fourth quarter worth about $207,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

American Software Company Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning 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.

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