American Software, Inc. (NASDAQ:AMSWA) President H Allan Dow sold 4,383 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $15.90, for a total value of $69,689.70. Following the completion of the sale, the president now owns 60,537 shares in the company, valued at approximately $962,538.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
H Allan Dow also recently made the following trade(s):
- On Monday, December 2nd, H Allan Dow sold 100 shares of American Software stock. The stock was sold at an average price of $15.89, for a total value of $1,589.00.
- On Wednesday, November 27th, H Allan Dow sold 32,935 shares of American Software stock. The stock was sold at an average price of $15.90, for a total value of $523,666.50.
Shares of AMSWA stock opened at $15.39 on Wednesday. The firm has a 50 day moving average price of $16.11 and a two-hundred day moving average price of $14.51. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $495.90 million, a PE ratio of 54.96 and a beta of 0.53. American Software, Inc. has a 12-month low of $8.99 and a 12-month high of $17.11.
Large investors have recently added to or reduced their stakes in the stock. Cloverdale Capital Management LLC boosted its holdings in American Software by 54.7% in the 2nd quarter. Cloverdale Capital Management LLC now owns 1,079,966 shares of the software maker’s stock valued at $14,202,000 after purchasing an additional 381,849 shares during the period. Vanguard Group Inc. boosted its stake in shares of American Software by 8.7% in the second quarter. Vanguard Group Inc. now owns 1,442,535 shares of the software maker’s stock valued at $18,969,000 after buying an additional 115,149 shares during the period. Wells Fargo & Company MN boosted its stake in shares of American Software by 42.5% in the second quarter. Wells Fargo & Company MN now owns 295,164 shares of the software maker’s stock valued at $3,882,000 after buying an additional 88,054 shares during the period. Millennium Management LLC bought a new stake in shares of American Software in the third quarter valued at approximately $821,000. Finally, BlackRock Inc. grew its position in American Software by 2.4% during the second quarter. BlackRock Inc. now owns 2,042,185 shares of the software maker’s stock worth $26,855,000 after buying an additional 48,350 shares in the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut American Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. BidaskClub cut shares of American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. B. Riley downgraded shares of American Software from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Tuesday, November 19th. Finally, ValuEngine lowered shares of American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.68.
American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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