MAM Software Group Inc. (NASDAQ:MAMS) – Research analysts at B. Riley increased their FY2018 earnings per share (EPS) estimates for MAM Software Group in a report issued on Monday. B. Riley analyst S. Sherbetchyan now anticipates that the technology company will post earnings of $0.31 per share for the year, up from their prior forecast of $0.29. B. Riley has a “Neutral” rating and a $8.50 price objective on the stock. B. Riley also issued estimates for MAM Software Group’s Q1 2019 earnings at $0.08 EPS and Q4 2019 earnings at $0.14 EPS.
MAM Software Group (NASDAQ:MAMS) last announced its earnings results on Tuesday, November 14th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $8.64 million during the quarter, compared to the consensus estimate of $8.63 million. MAM Software Group had a net margin of 12.46% and a return on equity of 40.12%.
MAM Software Group (NASDAQ:MAMS) traded up $0.02 during midday trading on Wednesday, reaching $7.57. 4,700 shares of the company’s stock were exchanged, compared to its average volume of 5,413. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.50. The company has a market cap of $94.96, a P/E ratio of 22.88 and a beta of -0.01. MAM Software Group has a 52-week low of $5.91 and a 52-week high of $9.42.
In related news, Director William Austin Iv Lewis sold 122,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $7.50, for a total transaction of $915,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 32.46% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in MAM Software Group stock. Cove Street Capital LLC raised its holdings in MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 626,786 shares of the technology company’s stock after acquiring an additional 107,586 shares during the quarter. Cove Street Capital LLC owned approximately 4.98% of MAM Software Group worth $4,707,000 as of its most recent SEC filing. 30.38% of the stock is currently owned by hedge funds and other institutional investors.
About MAM Software Group
MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.
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