American Software (NASDAQ:AMSWA) Share Price Passes Above 200-Day Moving Average – Should You Sell?

American Software, Inc. (NASDAQ:AMSWA) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.34 and traded as high as $11.23. American Software shares last traded at $10.95, with a volume of 121,400 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com began coverage on shares of American Software in a research report on Thursday. They set a “buy” rating for the company. Maxim Group increased their target price on American Software from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

American Software Price Performance

The firm has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76. The firm’s 50-day moving average price is $10.92 and its 200 day moving average price is $10.34.

American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The firm had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Analysts forecast that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 4.02%. American Software’s dividend payout ratio is currently 129.41%.

Institutional Trading of American Software

Large investors have recently added to or reduced their stakes in the business. Isthmus Partners LLC boosted its holdings in shares of American Software by 11.3% in the second quarter. Isthmus Partners LLC now owns 307,832 shares of the software maker’s stock valued at $28,000 after acquiring an additional 31,216 shares in the last quarter. Quarry LP boosted its position in shares of American Software by 121.5% during the 2nd quarter. Quarry LP now owns 4,813 shares of the software maker’s stock valued at $44,000 after purchasing an additional 2,640 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in American Software by 158.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,344 shares of the software maker’s stock worth $58,000 after buying an additional 3,890 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of American Software by 720.0% in the second quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker’s stock valued at $60,000 after buying an additional 5,767 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of American Software by 907.1% in the 3rd quarter. CWM LLC now owns 5,831 shares of the software maker’s stock worth $65,000 after acquiring an additional 5,252 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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 two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.