American Software (NASDAQ:AMSWA) Downgraded by BidaskClub to “Hold”

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American Software (NASDAQ:AMSWA) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday, September 18th, BidAskClub reports.

A number of other equities analysts also recently issued reports on AMSWA. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. William Blair restated an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. ValuEngine downgraded American Software from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 16th. Finally, B. Riley upgraded American Software from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.00 to $17.00 in a research note on Thursday, August 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $14.68.

AMSWA stock traded up $0.22 during trading on Wednesday, hitting $15.79. 53,986 shares of the company traded hands, compared to its average volume of 104,124. The company has a 50-day moving average of $14.98 and a 200-day moving average of $13.63. The firm has a market capitalization of $495.33 million, a PE ratio of 56.39 and a beta of 0.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 2.60. American Software has a 1 year low of $8.99 and a 1 year high of $16.06.

American Software (NASDAQ:AMSWA) last announced its earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $27.38 million during the quarter, compared to analyst estimates of $27.49 million. American Software had a return on equity of 7.57% and a net margin of 6.04%. Sell-side analysts expect that American Software will post 0.24 EPS for the current year.

In other news, insider Bryan L. Sell sold 8,000 shares of American Software stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $14.80, for a total transaction of $118,400.00. Following the completion of the sale, the insider now owns 4,000 shares of the company’s stock, valued at $59,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Hogue sold 3,000 shares of American Software stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $15.21, for a total transaction of $45,630.00. Following the sale, the director now directly owns 9,274 shares of the company’s stock, valued at approximately $141,057.54. The disclosure for this sale can be found here. Insiders have sold 183,162 shares of company stock valued at $2,768,661 in the last 90 days. Company insiders own 11.19% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. FMR LLC increased its position in shares of American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares in the last quarter. Bank of Montreal Can increased its position in shares of American Software by 206.5% during the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after purchasing an additional 2,387 shares in the last quarter. Aperio Group LLC acquired a new position in shares of American Software during the second quarter worth $67,000. BNP Paribas Arbitrage SA increased its position in shares of American Software by 2,671.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock worth $72,000 after purchasing an additional 5,770 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of American Software by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock worth $105,000 after purchasing an additional 946 shares in the last quarter. 77.62% of the stock is owned by 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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