Zacks Investment Research downgraded shares of MAM Software Group (NASDAQ:MAMS) from a buy rating to a hold rating in a report released on Thursday morning.
According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “
Separately, B. Riley boosted their price objective on shares of MAM Software Group from $8.00 to $8.50 and gave the stock a neutral rating in a research report on Monday, February 12th.
In other news, Director William Austin Iv Lewis sold 122,000 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 32.46% of the stock is currently owned by insiders.
An institutional investor recently raised its position in MAM Software Group stock. Cove Street Capital LLC lifted its stake in shares of MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 626,786 shares of the technology company’s stock after buying an additional 107,586 shares during the quarter. Cove Street Capital LLC owned about 4.98% of MAM Software Group worth $4,707,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.38% of the company’s stock.
MAM Software Group Company Profile
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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