American Software, Inc. (AMSWA) Receives Consensus Recommendation of “Strong Buy” from Brokerages

American Software, Inc. (NASDAQ:AMSWA) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $18.00 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned American Software an industry rank of 92 out of 255 based on the ratings given to related companies.

AMSWA has been the subject of a number of analyst reports. ValuEngine raised shares of American Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 6th. BidaskClub raised shares of American Software from a “hold” rating to a “buy” rating in a research report on Monday, July 9th. Zacks Investment Research raised shares of American Software from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, July 4th. Finally, B. Riley upped their price objective on shares of American Software from $14.50 to $18.00 and gave the company a “buy” rating in a research report on Friday, June 22nd.

In other news, CFO Vincent C. Klinges sold 6,626 shares of the stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $14.73, for a total transaction of $97,600.98. Following the transaction, the chief financial officer now owns 103,464 shares of the company’s stock, valued at $1,524,024.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Michael Edenfield sold 41,402 shares of the stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $15.22, for a total transaction of $630,138.44. Following the transaction, the director now directly owns 457,125 shares in the company, valued at approximately $6,957,442.50. The disclosure for this sale can be found here. Insiders have sold 68,028 shares of company stock worth $1,023,139 in the last ninety days. Corporate insiders own 11.24% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of American Software by 7.9% in the second quarter. BlackRock Inc. now owns 1,956,860 shares of the software maker’s stock valued at $28,512,000 after purchasing an additional 143,326 shares during the period. Dalton Greiner Hartman Maher & Co. increased its stake in shares of American Software by 43.2% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 325,779 shares of the software maker’s stock valued at $4,747,000 after purchasing an additional 98,326 shares during the period. Cadence Capital Management LLC increased its stake in shares of American Software by 75.7% in the second quarter. Cadence Capital Management LLC now owns 189,191 shares of the software maker’s stock valued at $2,757,000 after purchasing an additional 81,511 shares during the period. Acadian Asset Management LLC increased its stake in shares of American Software by 86.5% in the second quarter. Acadian Asset Management LLC now owns 160,051 shares of the software maker’s stock valued at $2,333,000 after purchasing an additional 74,238 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of American Software by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,095,162 shares of the software maker’s stock valued at $15,957,000 after purchasing an additional 40,743 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMSWA stock traded up $0.06 on Friday, reaching $15.95. 69,566 shares of the stock were exchanged, compared to its average volume of 68,559. The company has a market cap of $491.08 million, a price-to-earnings ratio of 44.31 and a beta of 0.74. American Software has a 1-year low of $9.00 and a 1-year high of $16.45.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, June 21st. The software maker reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. American Software had a net margin of 10.69% and a return on equity of 10.02%. The firm had revenue of $29.36 million during the quarter, compared to analysts’ expectations of $28.59 million. equities analysts forecast that American Software will post 0.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.44 dividend on an annualized basis and a yield of 2.76%. American Software’s payout ratio is currently 122.22%.

About American Software

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