William Blair Reiterates Outperform Rating for American Software (NASDAQ:AMSWA)

American Software (NASDAQ:AMSWA – Get Rating)‘s stock had its “outperform” rating reiterated by research analysts at William Blair in a report issued on Thursday, PriceTargets.com reports.

A number of other equities research analysts have also commented on AMSWA. B. Riley raised shares of American Software from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, June 6th. StockNews.com raised shares of American Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 25th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, American Software has an average rating of “Buy” and a consensus target price of $32.33.

NASDAQ:AMSWA opened at $16.33 on Thursday. The firm’s fifty day moving average is $17.57 and its 200-day moving average is $20.96. American Software has a 52 week low of $15.02 and a 52 week high of $33.26. The firm has a market cap of $548.03 million, a P/E ratio of 42.97 and a beta of 0.83.

A number of hedge funds and other institutional investors have recently modified their holdings of AMSWA. FMR LLC raised its holdings in American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after buying an additional 1,075 shares during the last quarter. Quantbot Technologies LP acquired a new position in American Software during the first quarter worth $37,000. Advisor Group Holdings Inc. raised its holdings in American Software by 387.2% during the third quarter. Advisor Group Holdings Inc. now owns 3,118 shares of the software maker’s stock worth $74,000 after buying an additional 2,478 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in American Software during the first quarter worth $80,000. Finally, Macquarie Group Ltd. raised its holdings in American Software by 308.4% during the third quarter. Macquarie Group Ltd. now owns 3,753 shares of the software maker’s stock worth $89,000 after buying an additional 2,834 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

American Software Company Profile (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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