American Software, Inc. (NASDAQ:AMSWA) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $14.00 for the company and are anticipating that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned American Software an industry rank of 175 out of 265 based on the ratings given to related companies.
Several research firms have weighed in on AMSWA. B. Riley reiterated a “buy” rating and issued a $12.25 price objective on shares of American Software in a research note on Sunday, September 3rd. BidaskClub lowered shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Zacks Investment Research upgraded shares of American Software from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Monday, September 25th.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.44 annualized dividend and a dividend yield of 3.75%. American Software’s dividend payout ratio (DPR) is 74.58%.
In other news, Director Dennis Hogue sold 9,707 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $10.78, for a total transaction of $104,641.46. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $161,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President H Allan Dow sold 9,490 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $10.97, for a total transaction of $104,105.30. Following the transaction, the president now directly owns 19,490 shares of the company’s stock, valued at $213,805.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,662 shares of company stock worth $1,418,950. 13.89% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in American Software in the 2nd quarter valued at about $133,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in American Software in the 3rd quarter valued at about $137,000. GSA Capital Partners LLP increased its position in American Software by 5.4% in the 2nd quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock valued at $140,000 after acquiring an additional 700 shares in the last quarter. Commonwealth Equity Services Inc acquired a new stake in American Software in the 3rd quarter valued at about $167,000. Finally, Bank of America Corp DE increased its position in American Software by 175.1% in the 1st quarter. Bank of America Corp DE now owns 20,426 shares of the software maker’s stock valued at $210,000 after acquiring an additional 13,000 shares in the last quarter. 75.79% of the stock is owned by hedge funds and other institutional investors.
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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