American Software (NASDAQ:AMSWA) Downgraded by StockNews.com to "Buy"

StockNews.com downgraded shares of American Software (NASDAQ:AMSWA - Free Report) from a strong-buy rating to a buy rating in a research note released on Tuesday morning.

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

American Software Stock Performance

American Software stock traded down $0.24 during mid-day trading on Tuesday, reaching $10.95. The company's stock had a trading volume of 121,400 shares, compared to its average volume of 220,269. American Software has a 12 month low of $8.41 and a 12 month high of $12.27. The business's 50 day simple moving average is $10.79 and its 200 day simple moving average is $10.36. The company has a market capitalization of $364.43 million, a price-to-earnings ratio of 32.21 and a beta of 0.76.

American Software (NASDAQ:AMSWA - Get Free Report) last issued its quarterly 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 return on equity of 8.98% and a net margin of 10.39%. The firm had revenue of $26.19 million during the quarter, compared to analysts' expectations of $24.89 million. During the same period in the prior year, the firm posted $0.08 earnings per share. As a group, sell-side analysts expect that American Software will post 0.19 EPS for the current year.

American Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 4.02%. American Software's payout ratio is 129.41%.

Institutional Investors Weigh In On American Software

A number of hedge funds have recently made changes to their positions in AMSWA. Foundry Partners LLC bought a new stake in American Software during the 1st quarter worth $3,852,000. Vanguard Group Inc. lifted its holdings in shares of American Software by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,429,019 shares of the software maker's stock worth $27,812,000 after purchasing an additional 53,284 shares during the period. Inspire Investing LLC bought a new stake in shares of American Software in the first quarter worth $868,000. 272 Capital LP increased its holdings in American Software by 36.7% in the second quarter. 272 Capital LP now owns 438,701 shares of the software maker's stock valued at $4,005,000 after purchasing an additional 117,837 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in American Software by 20.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker's stock worth $276,000 after purchasing an additional 4,111 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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.