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

Research analysts at StockNews.com began coverage on shares of American Software (NASDAQ:AMSWA) in a research note issued on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

Separately, Maxim Group raised their target price on shares of 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 Stock Performance

NASDAQ AMSWA opened at $10.95 on Wednesday. The business has a 50 day simple moving average of $10.83 and a 200 day simple moving average of $10.34. American Software has a 52-week low of $8.41 and a 52-week high of $12.27. The stock has a market cap of $364.43 million, a price-to-earnings ratio of 32.21 and a beta of 0.76.

American Software (NASDAQ:AMSWA) last posted its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $26.19 million during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.08 EPS. On average, analysts predict that American Software will post 0.19 EPS for the current year.

Institutional Investors Weigh In On American Software

Institutional investors have recently modified their holdings of the business. Essex Investment Management Co. LLC acquired a new position in American Software in the third quarter valued at about $2,980,000. Inspire Investing LLC acquired a new position in American Software in the third quarter valued at about $890,000. CWM LLC raised its stake in 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. SG Americas Securities LLC acquired a new position in American Software in the third quarter valued at about $133,000. Finally, Cubist Systematic Strategies LLC raised its stake in American Software by 172.4% in the second quarter. Cubist Systematic Strategies LLC now owns 59,157 shares of the software maker’s stock valued at $540,000 after purchasing an additional 37,439 shares in the last quarter. 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.