American Software, Inc. (NASDAQ:AMSWA) CFO Vincent C. Klinges sold 5,569 shares of American Software stock in a transaction on Monday, March 12th. The stock was sold at an average price of $13.38, for a total transaction of $74,513.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of American Software, Inc. (NASDAQ AMSWA) opened at $13.31 on Wednesday. The company has a market cap of $401.32, a price-to-earnings ratio of 19.32 and a beta of 0.76. American Software, Inc. has a twelve month low of $9.00 and a twelve month high of $13.69.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The business had revenue of $30.12 million during the quarter, compared to analysts’ expectations of $27.03 million. American Software had a net margin of 19.22% and a return on equity of 18.98%. equities research analysts forecast that American Software, Inc. will post 0.4 EPS for the current fiscal year.
A number of equities analysts recently weighed in on AMSWA shares. B. Riley reissued a “buy” rating and set a $14.00 target price (up previously from $12.25) on shares of American Software in a research note on Tuesday, November 28th. Zacks Investment Research cut shares of American Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. BidaskClub cut shares of American Software from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, ValuEngine upgraded shares of American Software from a “hold” rating to a “buy” rating in a report on Friday, March 2nd.
A number of large investors have recently bought and sold shares of AMSWA. Ashford Capital Management Inc. grew its holdings in shares of American Software by 52.0% during the fourth quarter. Ashford Capital Management Inc. now owns 38,000 shares of the software maker’s stock valued at $442,000 after buying an additional 13,000 shares during the last quarter. Martin & Co. Inc. TN grew its holdings in shares of American Software by 3.5% during the fourth quarter. Martin & Co. Inc. TN now owns 175,000 shares of the software maker’s stock valued at $2,035,000 after buying an additional 5,900 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of American Software during the fourth quarter valued at about $148,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of American Software during the fourth quarter valued at about $341,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of American Software during the fourth quarter valued at about $694,000. Institutional investors and hedge funds own 75.43% of the company’s stock.
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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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