American Software (NASDAQ:AMSWA) Sets New 1-Year Low at $18.38

Shares of American Software, Inc. (NASDAQ:AMSWA – Get Rating) hit a new 52-week low on Monday . The company traded as low as $18.38 and last traded at $18.42, with a volume of 784 shares trading hands. The stock had previously closed at $18.76.

A number of brokerages have recently weighed in on AMSWA. Sidoti increased their price objective on American Software from $26.00 to $36.00 and gave the company a “buy” rating in a report on Monday, December 20th. B. Riley cut their price objective on American Software from $24.50 to $23.00 in a report on Thursday, February 24th. Zacks Investment Research raised American Software from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, March 2nd. Finally, StockNews.com upgraded American Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 25th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $30.25.

The stock has a market cap of $628.54 million, a PE ratio of 50.70 and a beta of 0.73. The business has a 50 day moving average price of $20.79 and a 200 day moving average price of $23.99.

American Software (NASDAQ:AMSWA – Get Rating) last issued its earnings results on Wednesday, February 23rd. The software maker reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. American Software had a return on equity of 9.77% and a net margin of 10.09%. The firm had revenue of $32.42 million for the quarter, compared to the consensus estimate of $30.27 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. As a group, equities analysts predict that American Software, Inc. will post 0.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, May 6th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.44 dividend on an annualized basis and a yield of 2.35%. American Software’s dividend payout ratio is currently 118.92%.

A number of hedge funds have recently modified their holdings of AMSWA. Artisan Partners Limited Partnership boosted its position in American Software by 35.5% during the third quarter. Artisan Partners Limited Partnership now owns 1,829,143 shares of the software maker’s stock worth $43,442,000 after purchasing an additional 478,947 shares in the last quarter. Congress Asset Management Co. MA purchased a new position in shares of American Software in the fourth quarter valued at approximately $11,263,000. Neuberger Berman Group LLC lifted its position in shares of American Software by 8.9% in the third quarter. Neuberger Berman Group LLC now owns 2,883,562 shares of the software maker’s stock valued at $68,485,000 after acquiring an additional 234,664 shares in the last quarter. Congress Wealth Management LLC DE purchased a new position in shares of American Software in the fourth quarter valued at approximately $2,850,000. Finally, Russell Investments Group Ltd. lifted its position in shares of American Software by 24.6% in the fourth quarter. Russell Investments Group Ltd. now owns 509,346 shares of the software maker’s stock valued at $13,328,000 after acquiring an additional 100,503 shares in the last quarter. Institutional investors own 84.36% of the company’s stock.

American Software Company Profile (NASDAQ:AMSWA)

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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