American Software (NASDAQ:AMSWA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

American Software, Inc. (NASDAQ:AMSWA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.34 and traded as high as $11.23. American Software shares last traded at $10.95, with a volume of 121,400 shares traded.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on American Software in a research report on Thursday. They set a “buy” rating for the company. Maxim Group raised their price target on shares of American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

American Software Stock Performance

The company has a market capitalization of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. The stock has a 50 day moving average price of $10.92 and a two-hundred day moving average price of $10.34.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $26.19 million for the quarter, compared to analyst estimates of $24.89 million. American Software had a net margin of 10.39% and a return on equity of 8.98%. During the same quarter last year, the firm earned $0.08 earnings per share. Sell-side analysts predict that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Dividend Announcement

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

Institutional Trading of American Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP grew its stake in American Software by 121.5% in the 2nd quarter. Quarry LP now owns 4,813 shares of the software maker’s stock valued at $44,000 after buying an additional 2,640 shares during the last quarter. CWM LLC increased its stake in shares of American Software by 907.1% in the third quarter. CWM LLC now owns 5,831 shares of the software maker’s stock worth $65,000 after purchasing an additional 5,252 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of American Software by 158.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,344 shares of the software maker’s stock worth $58,000 after purchasing an additional 3,890 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in American Software by 720.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker’s stock valued at $60,000 after purchasing an additional 5,767 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in American Software in the 1st quarter valued at approximately $92,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

American Software Company Profile

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.