American Software (NASDAQ:AMSWA) Receives New Coverage from Analysts at StockNews.com

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

Separately, Maxim Group increased their price target on shares of American Software from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

American Software Stock Down 2.1 %

American Software stock opened at $10.95 on Wednesday. American Software has a 52 week low of $8.41 and a 52 week high of $12.27. The company’s 50 day moving average price is $10.80 and its two-hundred day moving average price is $10.34. The stock has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS 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 analyst estimates of $24.89 million. American Software had a return on equity of 8.98% and a net margin of 10.39%. During the same period last year, the company posted $0.08 earnings per share. On average, equities analysts anticipate that American Software will post 0.19 EPS for the current year.

Institutional Investors Weigh In On American Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in American Software by 2.1% in the 4th quarter. Wellington Management Group LLP now owns 342,125 shares of the software maker’s stock valued at $3,866,000 after buying an additional 7,100 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of American Software by 15.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock valued at $211,000 after purchasing an additional 2,500 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of American Software by 20.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock valued at $276,000 after purchasing an additional 4,111 shares during the period. Inspire Investing LLC purchased a new stake in American Software during the 1st quarter worth about $868,000. Finally, Russell Investments Group Ltd. boosted its stake in American Software by 4.8% in the 1st quarter. Russell Investments Group Ltd. now owns 1,112,875 shares of the software maker’s stock worth $12,742,000 after purchasing an additional 50,894 shares during the period. 76.98% of the stock is currently owned by 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.