American Software (NASDAQ:AMSWA) Price Target Lowered to $14.00 at B. Riley

American Software (NASDAQ:AMSWAFree Report) had its target price trimmed by B. Riley from $16.00 to $14.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

American Software Stock Down 10.8 %

NASDAQ AMSWA opened at $9.21 on Friday. American Software has a 52 week low of $8.64 and a 52 week high of $13.63. The firm has a market capitalization of $305.96 million, a P/E ratio of 26.32 and a beta of 0.73. The company has a 50-day moving average price of $10.55 and a 200-day moving average price of $10.84.

American Software (NASDAQ:AMSWAGet Free Report) last released its earnings results on Thursday, June 6th. The software maker reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. American Software had a net margin of 10.94% and a return on equity of 9.14%. The company had revenue of $25.39 million for the quarter, compared to analysts’ expectations of $24.87 million. As a group, equities research analysts anticipate that American Software will post 0.28 EPS for the current year.

American Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, August 16th. American Software’s dividend payout ratio (DPR) is presently 125.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in American Software by 4.5% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 157,139 shares of the software maker’s stock worth $1,776,000 after purchasing an additional 6,700 shares in the last quarter. John G Ullman & Associates Inc. boosted its position in American Software by 7.5% in the 4th quarter. John G Ullman & Associates Inc. now owns 614,740 shares of the software maker’s stock worth $6,947,000 after purchasing an additional 42,723 shares in the last quarter. Jump Financial LLC raised its stake in shares of American Software by 82.7% during the 4th quarter. Jump Financial LLC now owns 24,100 shares of the software maker’s stock worth $272,000 after buying an additional 10,911 shares during the period. Vanguard Group Inc. raised its stake in shares of American Software by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,331,756 shares of the software maker’s stock worth $26,722,000 after buying an additional 13,979 shares during the period. Finally, Cove Street Capital LLC acquired a new position in shares of American Software during the 3rd quarter worth approximately $4,195,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

American Software Company Profile

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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.

Further Reading

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