American Software (NASDAQ:AMSWA) Earns Buy Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of American Software (NASDAQ:AMSWA) in a report released on Friday. The brokerage set a “buy” rating on the software maker’s stock.

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

American Software Stock Down 2.1 %

American Software stock opened at $10.95 on Friday. American Software has a 12 month low of $8.41 and a 12 month high of $12.27. The stock has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76. The company’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $10.31.

American Software (NASDAQ:AMSWA) last released its quarterly earnings data 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 return on equity of 8.98% and a net margin of 10.39%. The firm had revenue of $26.19 million during the quarter, compared to analysts’ expectations of $24.89 million. During the same quarter last year, the firm earned $0.08 earnings per share. On average, equities research analysts expect that American Software will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMSWA. Quarry LP grew its holdings in American Software by 121.5% in the 2nd quarter. Quarry LP now owns 4,813 shares of the software maker’s stock valued at $44,000 after buying an additional 2,640 shares during the last quarter. CWM LLC grew its stake 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 worth $65,000 after acquiring an additional 5,252 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position 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 acquiring an additional 3,890 shares during the period. Meeder Asset Management Inc. increased its position 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 acquiring an additional 5,767 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in American Software during the 1st quarter valued at $92,000. Institutional investors own 76.98% of the company’s stock.

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.