American Software (AMSWA) Rating Lowered to Buy at BidaskClub

American Software (NASDAQ:AMSWA) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday, BidAskClub reports.

AMSWA has been the subject of several other reports. William Blair assumed coverage on American Software in a report on Wednesday, April 3rd. They set an “outperform” rating and a $12.03 target price for the company. ValuEngine raised American Software from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Zacks Investment Research raised American Software from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, February 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $12.34.

Shares of AMSWA stock opened at $13.01 on Friday. The stock has a market cap of $406.01 million, a P/E ratio of 36.14 and a beta of 0.66. American Software has a 1-year low of $8.99 and a 1-year high of $18.94.

American Software (NASDAQ:AMSWA) last issued its earnings results on Wednesday, February 20th. The software maker reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $27.00 million during the quarter, compared to analysts’ expectations of $28.91 million. American Software had a return on equity of 6.80% and a net margin of 5.54%. As a group, equities analysts predict that American Software will post 0.25 earnings per share for the current fiscal year.

In other American Software news, insider James C. Edenfield sold 7,800 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.89, for a total transaction of $92,742.00. Following the completion of the transaction, the insider now owns 60,210 shares of the company’s stock, valued at approximately $715,896.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vincent C. Klinges sold 19,072 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $11.76, for a total value of $224,286.72. Following the transaction, the chief financial officer now directly owns 115,910 shares of the company’s stock, valued at approximately $1,363,101.60. The disclosure for this sale can be found here. Insiders have sold a total of 130,584 shares of company stock valued at $1,521,784 in the last ninety days. 11.24% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised 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 worth $25,000 after acquiring an additional 1,075 shares in the last quarter. BNP Paribas Arbitrage SA raised 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 worth $72,000 after acquiring an additional 5,770 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of American Software by 413.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,280 shares of the software maker’s stock worth $97,000 after acquiring an additional 7,474 shares in the last quarter. Millennium Management LLC bought a new position in shares of American Software in the 4th quarter worth approximately $117,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of American Software in the 1st quarter worth approximately $134,000. 75.64% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Asset Allocation, Balancing Your Investments

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