Zacks Investment Research upgraded shares of MAM Software Group (NASDAQ:MAMS) from a sell rating to a hold rating in a research note released on Wednesday morning.
According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “
Separately, B. Riley reaffirmed a hold rating and set a $8.00 price target on shares of MAM Software Group in a research report on Monday, November 13th.
MAM Software Group (NASDAQ:MAMS) last released its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. MAM Software Group had a net margin of 13.92% and a return on equity of 41.79%. analysts forecast that MAM Software Group will post 0.29 EPS for the current fiscal year.
In other news, Director William Austin Iv Lewis sold 122,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $7.50, for a total transaction of $915,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 32.46% of the stock is owned by corporate insiders.
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MAM Software Group Company Profile
MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.
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