B. Riley Analysts Reduce Earnings Estimates for American Software, Inc. (NASDAQ:AMSWA)

American Software, Inc. (NASDAQ:AMSWA) – B. Riley dropped their Q2 2024 earnings estimates for American Software in a research note issued to investors on Monday, November 13th. B. Riley analyst Z. Cummins now anticipates that the software maker will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for American Software’s current full-year earnings is $0.25 per share. B. Riley also issued estimates for American Software’s Q3 2024 earnings at $0.05 EPS.

Separately, StockNews.com initiated coverage on shares of American Software in a research report on Thursday, October 5th. They set a “buy” rating on the stock.

American Software Price Performance

Shares of NASDAQ AMSWA opened at $11.16 on Tuesday. American Software has a 12 month low of $10.11 and a 12 month high of $17.52. The company has a 50-day simple moving average of $11.19 and a 200-day simple moving average of $11.33. The company has a market cap of $381.34 million, a PE ratio of 34.88 and a beta of 0.71.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Thursday, August 24th. The software maker reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $29.17 million during the quarter, compared to the consensus estimate of $29.07 million. American Software had a net margin of 9.08% and a return on equity of 8.62%. During the same period in the previous year, the firm posted $0.06 earnings per share.

American Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.44 dividend on an annualized basis and a yield of 3.94%. American Software’s dividend payout ratio is currently 137.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMSWA. Tompkins Financial Corp bought a new position in American Software during the 2nd quarter worth $33,000. Quantbot Technologies LP purchased a new position in American Software in the first quarter worth $37,000. Nisa Investment Advisors LLC lifted its position in shares of American Software by 209.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,280 shares of the software maker’s stock valued at $41,000 after buying an additional 2,220 shares during the last quarter. UBS Group AG raised its stake in shares of American Software by 323.5% during the 3rd quarter. UBS Group AG now owns 2,812 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,148 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in American Software by 190.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,767 shares of the software maker’s stock worth $50,000 after acquiring an additional 3,127 shares during the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.

American Software Company Profile

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.