American Software (NASDAQ:AMSWA) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of American Software (NASDAQ:AMSWA) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the software maker’s stock.

Separately, Maxim Group increased their price objective on shares of American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd.

American Software Stock Performance

Shares of NASDAQ:AMSWA opened at $10.95 on Thursday. American Software has a 52 week low of $8.41 and a 52 week high of $12.27. The company has a market capitalization of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. The company has a 50 day moving average price of $10.94 and a two-hundred day moving average price of $10.34.

American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The firm had revenue of $26.19 million during the quarter, compared to the consensus estimate of $24.89 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, sell-side analysts forecast that American Software will post 0.19 earnings per share for the current year.

Institutional Trading of American Software

Large investors have recently added to or reduced their stakes in the company. Foundry Partners LLC acquired a new stake in shares of American Software during the 1st quarter worth about $3,852,000. Essex Investment Management Co. LLC bought a new position in American Software in the 3rd quarter valued at about $2,980,000. 272 Capital LP increased its holdings in American Software by 36.7% in the 2nd quarter. 272 Capital LP now owns 438,701 shares of the software maker’s stock valued at $4,005,000 after buying an additional 117,837 shares during the period. PFG Investments LLC bought a new position in American Software in the 3rd quarter valued at about $1,192,000. Finally, Isthmus Partners LLC increased its holdings in American Software by 49.8% in the 1st quarter. Isthmus Partners LLC now owns 276,616 shares of the software maker’s stock valued at $3,167,000 after buying an additional 92,006 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

About American Software

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.