$30.27 Million in Sales Expected for American Software, Inc. (NASDAQ:AMSWA) This Quarter

Analysts expect that American Software, Inc. (NASDAQ:AMSWA) will announce sales of $30.27 million for the current quarter, Zacks reports. Two analysts have provided estimates for American Software’s earnings, with estimates ranging from $30.03 million to $30.50 million. American Software reported sales of $27.68 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The company is scheduled to report its next earnings report on Wednesday, February 23rd.

According to Zacks, analysts expect that American Software will report full-year sales of $122.12 million for the current fiscal year, with estimates ranging from $122.03 million to $122.20 million. For the next year, analysts anticipate that the firm will post sales of $131.17 million, with estimates ranging from $129.10 million to $133.24 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for American Software.

American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, November 18th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. American Software had a return on equity of 9.61% and a net margin of 9.96%. During the same quarter in the prior year, the firm posted $0.03 EPS.

A number of analysts have issued reports on the company. B. Riley downgraded American Software from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research note on Friday, November 19th. They noted that the move was a valuation call. Maxim Group lifted their price objective on American Software from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 19th. Finally, William Blair reaffirmed a “buy” rating on shares of American Software in a research note on Thursday, August 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Software presently has a consensus rating of “Buy” and an average target price of $31.67.

In other news, Chairman James C. Edenfield sold 15,600 shares of the business’s stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $24.03, for a total value of $374,868.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bryan L. Sell sold 6,000 shares of the business’s stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $25.44, for a total value of $152,640.00. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $50,880. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,304 shares of company stock valued at $1,212,053. 9.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership increased its position in American Software by 35.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,829,143 shares of the software maker’s stock valued at $43,442,000 after buying an additional 478,947 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in American Software by 11.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,354,947 shares of the software maker’s stock valued at $73,674,000 after buying an additional 352,845 shares in the last quarter. Neuberger Berman Group LLC increased its position in American Software by 11.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,648,898 shares of the software maker’s stock valued at $58,170,000 after buying an additional 274,572 shares in the last quarter. JPMorgan Chase & Co. increased its position in American Software by 284.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 206,395 shares of the software maker’s stock valued at $4,533,000 after buying an additional 152,766 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new position in American Software during the 2nd quarter valued at about $2,075,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

AMSWA traded up $0.28 on Friday, hitting $23.68. 180,057 shares of the company’s stock traded hands, compared to its average volume of 124,832. The company’s 50 day simple moving average is $27.27 and its 200-day simple moving average is $24.02. The firm has a market cap of $788.26 million, a price-to-earnings ratio of 67.66 and a beta of 0.61. American Software has a one year low of $15.74 and a one year high of $33.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 18th. Investors of record on Friday, February 4th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, February 3rd. American Software’s payout ratio is currently 125.72%.

About American Software

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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