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

American Software, Inc. (NASDAQ:AMSWA – Get Rating) has been given a consensus rating of “Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.33.

Several research firms have recently weighed in on AMSWA. B. Riley raised shares of American Software from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, June 6th. William Blair reaffirmed an “outperform” rating on shares of American Software in a report on Thursday, June 9th. Finally, StockNews.com raised shares of American Software from a “buy” rating to a “strong-buy” rating in a report on Friday, March 25th.

NASDAQ AMSWA opened at $16.12 on Thursday. The firm has a market cap of $540.95 million, a price-to-earnings ratio of 42.42 and a beta of 0.83. The company has a 50 day moving average of $17.30 and a 200-day moving average of $20.80. American Software has a 1-year low of $15.02 and a 1-year high of $33.26.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, August 11th. American Software’s dividend payout ratio is presently 115.79%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in American Software during the 1st quarter worth $37,000. FMR LLC grew its holdings in American Software by 107.5% during the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after acquiring an additional 1,075 shares during the period. Advisor Group Holdings Inc. grew its holdings in American Software by 387.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,118 shares of the software maker’s stock worth $74,000 after acquiring an additional 2,478 shares during the period. Meeder Asset Management Inc. bought a new position in shares of American Software during the first quarter worth $80,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of American Software by 466.6% during the third quarter. BNP Paribas Arbitrage SA now owns 7,020 shares of the software maker’s stock worth $167,000 after purchasing an additional 5,781 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

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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