American Software, Inc. (NASDAQ:AMSWA) Receives Consensus Recommendation of “Buy” from Analysts

American Software, Inc. (NASDAQ:AMSWAGet Rating) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $32.33.

A number of equities analysts have commented on AMSWA shares. StockNews.com upgraded shares of American Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 25th. Zacks Investment Research lowered shares of American Software from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley reduced their target price on shares of American Software from $24.50 to $23.00 in a research report on Thursday, February 24th.

Hedge funds have recently made changes to their positions in the company. Artisan Partners Limited Partnership boosted its position in shares of American Software by 35.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,829,143 shares of the software maker’s stock worth $43,442,000 after purchasing an additional 478,947 shares during the last quarter. Congress Asset Management Co. MA acquired a new stake in shares of American Software during the fourth quarter worth $11,263,000. Neuberger Berman Group LLC grew its stake in shares of American Software by 8.9% during the third quarter. Neuberger Berman Group LLC now owns 2,883,562 shares of the software maker’s stock worth $68,485,000 after purchasing an additional 234,664 shares during the period. Congress Wealth Management LLC DE acquired a new stake in shares of American Software during the fourth quarter worth $2,850,000. Finally, Russell Investments Group Ltd. grew its stake in shares of American Software by 24.6% during the fourth quarter. Russell Investments Group Ltd. now owns 509,346 shares of the software maker’s stock worth $13,328,000 after purchasing an additional 100,503 shares during the period. Institutional investors own 84.36% of the company’s stock.

Shares of American Software stock opened at $17.55 on Wednesday. The firm’s 50-day simple moving average is $20.39 and its 200-day simple moving average is $23.68. American Software has a twelve month low of $17.44 and a twelve month high of $33.26. The firm has a market cap of $588.94 million, a P/E ratio of 47.43 and a beta of 0.73.

American Software (NASDAQ:AMSWAGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The software maker reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The firm had revenue of $32.42 million for the quarter, compared to analyst estimates of $30.27 million. American Software had a net margin of 10.09% and a return on equity of 9.77%. During the same period in the previous year, the business earned $0.07 earnings per share. Sell-side analysts predict that American Software will post 0.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.51%. American Software’s payout ratio is 118.92%.

About American Software (Get Rating)

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment provides demand optimization, inventory optimization, supply optimization, retail optimization, quality and compliance, PLM, sourcing management, and integrated business planning services.

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