American Software (NASDAQ:AMSWA) Upgraded by BidaskClub to Sell

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American Software (NASDAQ:AMSWA) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday, BidAskClub reports.

A number of other equities research analysts have also commented on AMSWA. B. Riley lowered American Software from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Tuesday, November 19th. ValuEngine lowered American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded American Software from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.68.

Shares of AMSWA stock opened at $15.19 on Wednesday. American Software has a fifty-two week low of $10.42 and a fifty-two week high of $17.11. The firm has a market capitalization of $479.28 million, a price-to-earnings ratio of 69.05 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.74 and a current ratio of 2.74. The stock’s 50-day simple moving average is $15.04 and its 200-day simple moving average is $14.98.

American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, November 21st. The software maker reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $28.21 million for the quarter, compared to analyst estimates of $28.21 million. American Software had a return on equity of 7.76% and a net margin of 6.51%. As a group, equities analysts forecast that American Software will post 0.22 earnings per share for the current year.

In related news, President H Allan Dow sold 32,935 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $15.90, for a total value of $523,666.50. Following the sale, the president now owns 89,089 shares in the company, valued at $1,416,515.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 44,839 shares of company stock worth $707,225. 11.19% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Usca Ria LLC purchased a new stake in American Software in the 3rd quarter worth approximately $29,000. FMR LLC boosted its position in American Software by 107.5% in the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in American Software in the 4th quarter worth approximately $32,000. Bank of Montreal Can boosted its position in American Software by 206.5% in the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after purchasing an additional 2,387 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in American Software in the 3rd quarter worth approximately $90,000. Institutional investors and hedge funds own 76.62% of the company’s stock.

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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