StockNews.com Begins Coverage on American Software (NASDAQ:AMSWA)

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

Separately, Maxim Group increased 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

Shares of American Software stock opened at $10.95 on Thursday. The company has a market capitalization of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76. The company’s fifty day moving average is $10.94 and its two-hundred day moving average is $10.33. American Software has a 1 year low of $8.41 and a 1 year high of $12.27.

American Software (NASDAQ:AMSWA) last announced its earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $26.19 million for 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 quarter in the previous year, the company earned $0.08 earnings per share. As a group, equities analysts expect that American Software will post 0.19 earnings per share for the current year.

American Software Dividend Announcement

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

Hedge Funds Weigh In On American Software

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its stake in American Software by 121.5% in the 2nd quarter. Quarry LP now owns 4,813 shares of the software maker’s stock worth $44,000 after acquiring an additional 2,640 shares in the last quarter. CWM LLC lifted its position 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 purchasing an additional 5,252 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of American Software by 158.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,344 shares of the software maker’s stock worth $58,000 after purchasing an additional 3,890 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of 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 purchasing an additional 5,767 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in American Software in the 1st quarter valued at approximately $92,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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.