American Software (NASDAQ:AMSWA) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of American Software (NASDAQ:AMSWA) in a research note issued to investors on Thursday. The firm set a “buy” rating on the software maker’s stock.

Separately, Maxim Group lifted their price target 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 Trading Down 2.1 %

NASDAQ AMSWA opened at $10.95 on Thursday. The stock has a market cap of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. American Software has a twelve month low of $8.41 and a twelve month high of $12.27. The stock has a fifty day simple moving average of $10.91 and a 200-day simple moving average of $10.34.

American Software (NASDAQ:AMSWA) last announced its earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a return on equity of 8.98% and a net margin of 10.39%. 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 business posted $0.08 EPS. Research analysts predict that American Software will post 0.19 EPS for the current year.

Institutional Trading of American Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Isthmus Partners LLC grew its holdings in American Software by 11.3% in the 2nd quarter. Isthmus Partners LLC now owns 307,832 shares of the software maker’s stock worth $28,000 after buying an additional 31,216 shares in the last quarter. Quarry LP lifted its holdings in shares of American Software by 121.5% in the second 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. lifted its holdings in shares of 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 valued at $58,000 after purchasing an additional 3,890 shares in the last quarter. Meeder Asset Management Inc. lifted 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 purchasing an additional 5,767 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of American Software by 907.1% in the third quarter. CWM LLC now owns 5,831 shares of the software maker’s stock valued at $65,000 after purchasing an additional 5,252 shares in 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.