$29.99 Million in Sales Expected for American Software, Inc. (NASDAQ:AMSWA) This Quarter

Equities analysts expect American Software, Inc. (NASDAQ:AMSWA) to post $29.99 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for American Software’s earnings, with the lowest sales estimate coming in at $29.98 million and the highest estimate coming in at $30.00 million. American Software posted sales of $27.88 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The company is expected to announce its next quarterly earnings results on Thursday, November 18th.

According to Zacks, analysts expect that American Software will report full-year sales of $121.47 million for the current year, with estimates ranging from $121.00 million to $121.93 million. For the next fiscal year, analysts anticipate that the firm will post sales of $131.91 million, with estimates ranging from $129.10 million to $134.72 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow American Software.

American Software (NASDAQ:AMSWA) last announced its earnings results on Tuesday, August 24th. The software maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $29.27 million during the quarter, compared to the consensus estimate of $28.53 million. American Software had a net margin of 7.94% and a return on equity of 7.73%.

A number of research analysts have weighed in on AMSWA shares. William Blair reaffirmed a “buy” rating on shares of American Software in a report on Thursday, August 26th. Maxim Group started coverage on shares of American Software in a report on Tuesday, September 14th. They issued a “buy” rating and a $34.00 price objective for the company. Sidoti raised shares of American Software from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, June 9th. TheStreet raised shares of American Software from a “c+” rating to a “b-” rating in a research note on Wednesday, July 14th. Finally, B. Riley boosted their target price on shares of American Software from $25.00 to $28.50 and gave the stock a “buy” rating in a research note on Thursday, August 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $29.50.

Shares of NASDAQ:AMSWA traded down $0.30 on Friday, hitting $24.54. 303 shares of the company were exchanged, compared to its average volume of 129,749. American Software has a 1-year low of $13.62 and a 1-year high of $28.45. The stock’s 50 day moving average price is $23.27 and its 200 day moving average price is $21.90. The firm has a market capitalization of $816.89 million, a P/E ratio of 92.00 and a beta of 0.51.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, November 18th. American Software’s dividend payout ratio is currently 169.23%.

In related news, VP Valerie Paige King sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 29th. The shares were sold at an average price of $22.54, for a total value of $90,160.00. Following the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at $45,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vincent C. Klinges sold 6,473 shares of the firm’s stock in a transaction that occurred on Thursday, September 16th. The stock was sold at an average price of $25.33, for a total transaction of $163,961.09. Following the completion of the sale, the chief financial officer now directly owns 103,311 shares in the company, valued at $2,616,867.63. The disclosure for this sale can be found here. Insiders sold a total of 38,962 shares of company stock valued at $955,260 in the last 90 days. Company insiders own 9.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of American Software by 11.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,354,947 shares of the software maker’s stock worth $73,674,000 after buying an additional 352,845 shares during the last quarter. Neuberger Berman Group LLC increased its stake in American Software by 11.6% during the second quarter. Neuberger Berman Group LLC now owns 2,648,898 shares of the software maker’s stock valued at $58,170,000 after purchasing an additional 274,572 shares during the last quarter. BlackRock Inc. increased its stake in American Software by 5.3% during the first quarter. BlackRock Inc. now owns 2,267,549 shares of the software maker’s stock valued at $46,938,000 after purchasing an additional 115,089 shares during the last quarter. Vanguard Group Inc. increased its stake in American Software by 2.4% during the second quarter. Vanguard Group Inc. now owns 1,743,368 shares of the software maker’s stock valued at $38,284,000 after purchasing an additional 41,272 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in American Software by 43.9% during the second quarter. Artisan Partners Limited Partnership now owns 1,350,196 shares of the software maker’s stock valued at $29,650,000 after purchasing an additional 412,101 shares during the last quarter. 80.71% of the stock is currently owned by institutional investors and hedge funds.

American Software Company Profile

American Software, Inc engages in the development and marketing of supply chain management and enterprise software solutions. It operates through the following segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment offers supply chain optimization and retail planning solutions.

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Earnings History and Estimates for American Software (NASDAQ:AMSWA)

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