Zacks Investment Research Upgrades American Software, Inc. (AMSWA) to Hold

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American Software, Inc. (NASDAQ:AMSWA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “American Software Inc., through its subsidiaries, develops, markets and supports a portfolio of application software solutions that enable businesses to respond to today’s dynamic global marketplace. The company’s software and services solutions are designed to automate many planning and operational functions principally in the areas of: (i) Enterprise Resource Planning (ERP), (ii) Flow Manufacturing, (iii) E-Commerce Solutions and (iv) Logility Value Chain Solutions(TM). The company’s products are designed to provide rapid return on investment. “

Separately, B. Riley reissued a “buy” rating and set a $12.50 price target on shares of American Software in a report on Tuesday, November 29th.

Shares of American Software (NASDAQ:AMSWA) opened at 10.39 on Wednesday. The stock’s 50 day moving average price is $10.43 and its 200 day moving average price is $10.72. American Software has a one year low of $8.56 and a one year high of $11.94. The company has a market cap of $303.83 million, a PE ratio of 40.12 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, February 8th. This represents a $0.44 annualized dividend and a yield of 4.23%. American Software’s dividend payout ratio is presently 169.24%.

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In other news, CFO Vincent C. Klinges sold 19,094 shares of American Software stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $11.00, for a total value of $210,034.00. Following the transaction, the chief financial officer now owns 110,664 shares in the company, valued at approximately $1,217,304. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vincent C. Klinges sold 30,000 shares of American Software stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $10.50, for a total value of $315,000.00. Following the completion of the transaction, the chief financial officer now owns 114,910 shares in the company, valued at approximately $1,206,555. The disclosure for this sale can be found here. Insiders sold a total of 184,650 shares of company stock valued at $1,983,462 over the last ninety days. Insiders own 14.39% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Ativo Capital Management LLC raised its stake in shares of American Software by 85.4% in the second quarter. Ativo Capital Management LLC now owns 89,758 shares of the company’s stock worth $941,000 after buying an additional 41,334 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of American Software by 8.9% in the second quarter. Teachers Advisors Inc. now owns 38,468 shares of the company’s stock worth $403,000 after buying an additional 3,134 shares in the last quarter. Analytic Investors LLC purchased a new stake in shares of American Software during the second quarter worth $198,000. Alliancebernstein L.P. raised its stake in shares of American Software by 2.2% in the second quarter. Alliancebernstein L.P. now owns 22,792 shares of the company’s stock worth $239,000 after buying an additional 500 shares in the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of American Software during the second quarter worth $252,000. Institutional investors own 74.43% of the company’s stock.

About American Software

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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