American Software (NASDAQ:AMSWA) Lowered to “Buy” at StockNews.com

American Software (NASDAQ:AMSWA) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Separately, Maxim Group boosted their price objective on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd.

American Software Price Performance

Shares of NASDAQ AMSWA opened at $10.95 on Tuesday. American Software has a 1-year low of $8.41 and a 1-year high of $12.27. The firm has a market capitalization of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. The business’s fifty day moving average price is $10.79 and its two-hundred day moving average price is $10.36.

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

Institutional Investors Weigh In On American Software

Several hedge funds have recently modified their holdings of the stock. Foundry Partners LLC acquired a new position in shares of American Software in the 1st quarter valued at about $3,852,000. 272 Capital LP boosted its holdings in shares of American Software by 36.7% during the 2nd quarter. 272 Capital LP now owns 438,701 shares of the software maker’s stock worth $4,005,000 after buying an additional 117,837 shares during the period. Isthmus Partners LLC raised its holdings in American Software by 49.8% in the 1st quarter. Isthmus Partners LLC now owns 276,616 shares of the software maker’s stock worth $3,167,000 after acquiring an additional 92,006 shares during the period. Inspire Investing LLC acquired a new position in shares of American Software during the 1st quarter worth about $868,000. Finally, Vanguard Group Inc. boosted its position in shares of American Software by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,429,019 shares of the software maker’s stock valued at $27,812,000 after acquiring an additional 53,284 shares during the period. 76.98% of the stock is owned by hedge funds and other institutional investors.

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.