American Software (NASDAQ:AMSWA) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of American Software (NASDAQ:AMSWA) from a buy rating to a strong-buy rating in a report released on Monday morning.

Several other equities analysts have also weighed in on AMSWA. B. Riley reduced their price objective on American Software from $16.00 to $14.00 and set a buy rating on the stock in a research note on Friday, June 7th. Maxim Group lifted their price objective on 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 Up 1.1 %

AMSWA opened at $11.19 on Monday. The firm has a market cap of $372.41 million, a P/E ratio of 32.91 and a beta of 0.76. American Software has a 52 week low of $8.41 and a 52 week high of $12.27. The business’s fifty day simple moving average is $10.68 and its 200 day simple moving average is $10.38.

American Software (NASDAQ:AMSWA) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $24.89 million. During the same period last year, the company earned $0.08 EPS. As a group, equities analysts expect that American Software will post 0.19 EPS for the current fiscal year.

American Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.93%. American Software’s dividend payout ratio (DPR) is 129.41%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Isthmus Partners LLC raised its stake in shares of American Software by 11.3% in the 2nd quarter. Isthmus Partners LLC now owns 307,832 shares of the software maker’s stock worth $28,000 after buying an additional 31,216 shares in the last quarter. Quarry LP raised its stake in shares of 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 buying an additional 2,640 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 purchasing an additional 3,890 shares during the period. Meeder Asset Management Inc. raised 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 valued at $60,000 after buying an additional 5,767 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in American Software during the first quarter valued at $92,000. Institutional investors and hedge funds 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.