American Software, Inc. (NASDAQ:AMSWA) Receives Average “Buy” Rating from Analysts

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Shares of American Software, Inc. (NASDAQ:AMSWA – Get Rating) received an average recommendation of “Buy” from the seven analysts who currently cover the company, MarketBeat.com reports. One investment analyst rated the stock with a hold recommendation, three gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $32.33.

A number of research analysts have weighed in on AMSWA shares recently. B. Riley cut his price target on American Software stock from $24.50 to $23.00 in a Thursday, February 24 report. StockNews.com upgraded American Software from a “buy” rating to a “strong buy” rating in a Friday, March 25 research report. Finally, Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a Tuesday, April 26 research report.

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Several hedge funds have recently changed their holdings in AMSWA. FMR LLC increased its stake in American Software shares by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker worth $25,000 after acquiring an additional 1,075 shares in the last quarter. Quantbot Technologies LP acquired a new stake in American Software stock during the first quarter worth approximately $37,000. Eagle Bay Advisors LLC acquired a new stake in American Software stock during the third quarter worth approximately $38,000. Advisor Group Holdings Inc. increased its holdings of American Software stock by 387.2% during the third quarter. Advisor Group Holdings Inc. now owns 3,118 shares of the software maker worth $74,000 after buying 2,478 additional shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in American Software stock during the first quarter worth approximately $80,000. Institutional investors and hedge funds own 82.09% of the company’s shares.

NASDAQ:AMSWA shares opened at $16.95 on Friday. The company’s 50-day moving average price is $18.79 and its 200-day moving average price is $22.24. The stock has a market capitalization of $568.84 million, a PE ratio of 45.81 and a beta of 0.83. American Software has a 12-month low of $15.02 and a 12-month high of $33.26.

American Software (NASDAQ:AMSWA – Get Rating) last released its results on Wednesday, February 23. The software maker reported earnings per share (EPS) of $0.09 for the quarter, beating the consensus estimate of $0.04 by $0.05. American Software had a net margin of 10.09% and a return on equity of 9.77%. The company posted revenue of $32.42 million in the quarter, versus analyst estimates of $30.27 million. During the same period of the previous year, the company posted an EPS of $0.07. Stock analysts expect American Software to post earnings per share of 0.31 for the current year.

About US Software (Get an assessment)

American Software, Inc. develops, markets and supports a line of computer application software products in the United States and around the world. It operates through three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting) and Others. The SCM segment provides demand optimization, inventory optimization, supply optimization, retail optimization, quality and compliance, PLM, procurement and integrated business planning.

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