American Software (NASDAQ:AMSWA) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of American Software (NASDAQ:AMSWA) from a buy rating to a strong-buy rating in a research note published on Monday morning.

AMSWA has been the subject of several other reports. B. Riley lowered their target price on shares of American Software from $16.00 to $14.00 and set a buy rating for the company in a research note on Friday, June 7th. Maxim Group lifted their target price on shares of American Software from $16.00 to $17.00 and gave the stock a buy rating in a research note on Friday, August 23rd.

American Software Stock Performance

Shares of AMSWA opened at $10.95 on Monday. American Software has a fifty-two week low of $8.41 and a fifty-two week high of $12.27. The company has a market capitalization of $364.43 million, a price-to-earnings ratio of 32.21 and a beta of 0.76. The firm has a 50-day simple moving average of $10.75 and a 200-day simple moving average of $10.38.

American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The company had revenue of $26.19 million during the quarter, compared to analysts’ expectations of $24.89 million. During the same period last year, the company posted $0.08 earnings per share. Equities research analysts forecast that American Software will post 0.19 EPS for the current year.

American Software Announces Dividend

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

Institutional Investors Weigh In On American Software

Several large investors have recently made changes to their positions in AMSWA. 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 holdings in American Software by 121.5% during the second quarter. Quarry LP now owns 4,813 shares of the software maker’s stock worth $44,000 after buying an additional 2,640 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in American Software by 158.5% during 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 in the last quarter. Meeder Asset Management Inc. boosted its holdings in American Software by 720.0% during the second quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker’s stock worth $60,000 after buying an additional 5,767 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in American Software during the first quarter worth approximately $92,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

About American Software

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.