American Software (AMSWA) Price Target Increased to $14.00 by Analysts at B. Riley

American Software (NASDAQ:AMSWA) had its price target lifted by B. Riley from $12.25 to $14.00 in a report published on Monday. B. Riley currently has a buy rating on the software maker’s stock. B. Riley also issued estimates for American Software’s Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.28 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.33 EPS.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of American Software from a buy rating to a hold rating in a research report on Tuesday, October 31st. BidaskClub downgraded shares of American Software from a buy rating to a hold rating in a research report on Saturday.

Shares of American Software (NASDAQ AMSWA) traded down $0.20 on Monday, hitting $11.78. 74,400 shares of the company traded hands, compared to its average volume of 67,458. The company has a market capitalization of $356.13, a P/E ratio of 20.31 and a beta of 0.81. American Software has a 12 month low of $9.00 and a 12 month high of $13.05.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, February 8th. American Software’s dividend payout ratio (DPR) is presently 74.58%.

In other American Software news, CFO Vincent C. Klinges sold 4,873 shares of American Software stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $11.28, for a total value of $54,967.44. Following the completion of the sale, the chief financial officer now owns 101,711 shares of the company’s stock, valued at approximately $1,147,300.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Vincent C. Klinges sold 20,127 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $11.35, for a total transaction of $228,441.45. Following the sale, the chief financial officer now directly owns 116,965 shares of the company’s stock, valued at approximately $1,327,552.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,862 shares of company stock valued at $1,921,848. 13.89% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of American Software by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock valued at $21,102,000 after acquiring an additional 92,500 shares during the period. Vanguard Group Inc. grew its position in shares of American Software by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,196,640 shares of the software maker’s stock valued at $12,313,000 after acquiring an additional 6,593 shares during the period. Dimensional Fund Advisors LP grew its position in shares of American Software by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 987,406 shares of the software maker’s stock valued at $11,217,000 after acquiring an additional 41,658 shares during the period. John G Ullman & Associates Inc. grew its position in shares of American Software by 2.1% during the 3rd quarter. John G Ullman & Associates Inc. now owns 636,354 shares of the software maker’s stock valued at $7,229,000 after acquiring an additional 13,179 shares during the period. Finally, State Street Corp grew its position in shares of American Software by 12.7% during the 2nd quarter. State Street Corp now owns 583,043 shares of the software maker’s stock valued at $5,997,000 after acquiring an additional 65,833 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

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American Software Company Profile

American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.

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