American Software (NASDAQ:AMSWA) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of American Software (NASDAQ:AMSWA) in a research report released on Friday. The firm issued a buy rating on the software maker’s stock.

Separately, Maxim Group raised their price objective on American Software from $16.00 to $17.00 and gave the company 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. 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 12-month low of $8.41 and a 12-month high of $12.27. The business’s 50-day moving average price is $10.99 and its two-hundred day moving average price is $10.31.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $26.19 million for the quarter, compared to analyst estimates of $24.89 million. American Software had a net margin of 10.39% and a return on equity of 8.98%. During the same period in the previous year, the firm posted $0.08 EPS. As a group, analysts expect that American Software will post 0.19 earnings per share for the current year.

American Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, November 15th. American Software’s payout ratio is 129.41%.

Institutional Trading of American Software

Institutional investors and hedge funds have recently bought and sold shares of the stock. Isthmus Partners LLC increased its position in American Software by 11.3% during the 2nd quarter. Isthmus Partners LLC now owns 307,832 shares of the software maker’s stock valued at $28,000 after purchasing an additional 31,216 shares during the period. Quarry LP boosted its position in American Software by 121.5% during the second quarter. Quarry LP now owns 4,813 shares of the software maker’s stock valued at $44,000 after acquiring an additional 2,640 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted 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 valued at $58,000 after acquiring an additional 3,890 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of American Software by 720.0% in the 2nd 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 during the period. Finally, CWM LLC boosted its position in shares of American Software by 907.1% during the 3rd 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.

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.