American Software, Inc. develops, markets, and supports a range of computer business application software products in the United States and internationally. The company operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers Logility Digital Supply Chain Platform, a cloud-architected supply chain management platform that helps manage seven critical planning processes, such as product, demand, inventory, supply, deploy, integrated business planning, and supply chain data management. The IT Consulting segment provides IT staffing and consulting services, such as software enhancement, documentation, update, customer education, consulting, systems integration, maintenance, and support services. The Other segment offers American Software ERP, which provides purchasing and materials management, customer order processing, financial, e-commerce, and traditional manufacturing solutions. It also provides ongoing support and maintenance services; cloud hosting and managed services; and implementation and training services. The company markets its products through direct and indirect sales channels to the apparel and other soft goods, food and beverage, consumer packaged goods, consumer durable goods, wholesale distribution, specialty chemicals, and other process manufacturing industries. American Software, Inc. was incorporated in 1970 and is headquartered in Atlanta, Georgia.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. B. Riley raised shares of American Software from a "neutral" rating to a "buy" rating and set a $23.00 target price for the company in a report on Monday, June 6th. William Blair reaffirmed an "outperform" rating on shares of American Software in a report on Thursday, June 9th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, American Software has an average rating of "Buy" and a consensus target price of $32.33.
American Software Stock Down 1.5 %
AMSWA traded down $0.28 during trading on Friday, hitting $18.06. 46,526 shares of the company's stock were exchanged, compared to its average volume of 92,276. The business's 50 day moving average is $16.86 and its two-hundred day moving average is $18.76. American Software has a fifty-two week low of $15.02 and a fifty-two week high of $33.26. The stock has a market cap of $607.72 million, a P/E ratio of 47.53 and a beta of 0.84.
American Software (NASDAQ:AMSWA - Get Rating) last announced its earnings results on Wednesday, June 8th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $34.65 million during the quarter, compared to the consensus estimate of $31.35 million. American Software had a net margin of 10.02% and a return on equity of 9.97%. On average, sell-side analysts forecast that American Software will post 0.22 earnings per share for the current year.
American Software Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.44 dividend on an annualized basis and a yield of 2.44%. American Software's dividend payout ratio (DPR) is presently 115.79%.