American Software (NASDAQ:AMSWA) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of American Software (NASDAQ:AMSWA) from a buy rating to a hold rating in a research report sent to investors on Monday, Zacks.com reports.

According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “

A number of other research firms have also weighed in on AMSWA. William Blair restated an outperform rating on shares of American Software in a report on Thursday, June 20th. BidaskClub upgraded Zai Lab from a buy rating to a strong-buy rating in a report on Friday, June 28th. Finally, ValuEngine upgraded XPO Logistics from a strong sell rating to a sell rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. American Software currently has an average rating of Hold and an average price target of $13.01.

American Software stock opened at $13.18 on Monday. The business’s fifty day moving average is $13.45. The stock has a market capitalization of $411.77 million, a price-to-earnings ratio of 47.07 and a beta of 0.63. American Software has a twelve month low of $8.99 and a twelve month high of $18.94.

American Software (NASDAQ:AMSWA) last posted its earnings results on Wednesday, June 19th. The software maker reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $26.27 million during the quarter, compared to analyst estimates of $28.18 million. American Software had a return on equity of 7.73% and a net margin of 6.26%. On average, equities research analysts predict that American Software will post 0.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Thursday, August 15th. American Software’s payout ratio is presently 157.14%.

In other news, Director J Michael Edenfield sold 6,020 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $14.36, for a total transaction of $86,447.20. Following the transaction, the director now directly owns 421,743 shares of the company’s stock, valued at $6,056,229.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bryan L. Sell sold 4,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $13.05, for a total value of $52,200.00. Following the transaction, the insider now directly owns 4,000 shares in the company, valued at $52,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,310 shares of company stock worth $353,135. Insiders own 11.24% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of American Software by 0.5% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 158,895 shares of the software maker’s stock valued at $1,899,000 after acquiring an additional 805 shares during the period. FMR LLC increased its position in shares of American Software by 107.5% in the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after acquiring an additional 1,075 shares during the period. BOKF NA increased its position in shares of American Software by 21.7% in the 4th quarter. BOKF NA now owns 26,223 shares of the software maker’s stock valued at $274,000 after acquiring an additional 4,674 shares during the period. Cadence Capital Management LLC increased its position in shares of American Software by 1.8% in the 1st quarter. Cadence Capital Management LLC now owns 281,439 shares of the software maker’s stock valued at $3,363,000 after acquiring an additional 4,951 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of American Software by 2,671.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after acquiring an additional 5,770 shares during the period. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

American Software Company Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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