Stifel Financial Corp decreased its holdings in American Software, Inc. (NASDAQ:AMSWA) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,813 shares of the software maker’s stock after selling 6,667 shares during the period. Stifel Financial Corp owned about 0.37% of American Software worth $1,756,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of American Software by 2.4% in the 2nd quarter. BlackRock Inc. now owns 2,042,185 shares of the software maker’s stock valued at $26,855,000 after buying an additional 48,350 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of American Software by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,442,535 shares of the software maker’s stock valued at $18,969,000 after buying an additional 115,149 shares in the last quarter. Cloverdale Capital Management LLC grew its stake in shares of American Software by 54.7% in the 2nd quarter. Cloverdale Capital Management LLC now owns 1,079,966 shares of the software maker’s stock valued at $14,202,000 after buying an additional 381,849 shares in the last quarter. State Street Corp grew its stake in shares of American Software by 2.3% in the 3rd quarter. State Street Corp now owns 574,531 shares of the software maker’s stock valued at $8,629,000 after buying an additional 12,839 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of American Software by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 473,384 shares of the software maker’s stock valued at $6,224,000 after buying an additional 5,010 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.
Several equities research analysts recently commented on AMSWA shares. BidaskClub cut American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. B. Riley cut American Software from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Tuesday, November 19th. Zacks Investment Research cut American Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. Finally, ValuEngine cut American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. American Software presently has a consensus rating of “Hold” and a consensus price target of $14.68.
Shares of NASDAQ AMSWA opened at $15.40 on Friday. The stock has a market cap of $478.96 million, a price-to-earnings ratio of 55.00 and a beta of 0.53. The business has a 50 day simple moving average of $16.01 and a 200 day simple moving average of $14.62. American Software, Inc. has a 52 week low of $8.99 and a 52 week high of $17.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 2.74.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The business had revenue of $28.21 million during the quarter, compared to analysts’ expectations of $28.21 million. American Software had a return on equity of 7.76% and a net margin of 6.51%. On average, analysts predict that American Software, Inc. will post 0.22 EPS for the current year.
In other American Software news, President H Allan Dow sold 4,383 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $15.90, for a total transaction of $69,689.70. Following the completion of the sale, the president now owns 60,537 shares of the company’s stock, valued at $962,538.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bryan L. Sell sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $14.80, for a total value of $118,400.00. Following the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $59,200. The disclosure for this sale can be found here. Insiders have sold 135,160 shares of company stock valued at $2,069,531 in the last ninety days. Company insiders own 11.19% of the company’s stock.
American Software Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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