William Blair reiterates US software outperformance rating (NASDAQ:AMSWA)


US software (NASDAQ: AMSWAGet a rating)The stock saw its “outperform” rating reiterated by research analysts William Blair in a report released on Thursday, PriceTargets.com reports.

A number of other equity research analysts also commented on AMSWA. B. Riley moved American Software shares from a “neutral” rating to a “buy” rating and set a price target of $23.00 on the stock in a Monday, June 6 research note . StockNews.com moved shares of American Software from a “buy” rating to a “strong buy” rating in a Friday, March 25 research note. Four investment analysts gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat.com, American Software has an average rating of “Buy” and a consensus target price of $32.33.

NASDAQ: AMSWA opened at $16.33 on Thursday. The company’s fifty-day moving average is $17.57 and its 200-day moving average is $20.96. American Software has a 52-week minimum of $15.02 and a 52-week maximum of $33.26. The company has a market capitalization of $548.03 million, a P/E ratio of 42.97 and a beta of 0.83.

A number of hedge funds and other institutional investors have recently changed their holdings in AMSWA. FMR LLC increased its stake in American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker worth $25,000 after buying an additional 1,075 shares in the last quarter. Quantbot Technologies LP acquired a new position in American Software during the first quarter worth $37,000. Advisor Group Holdings Inc. increased its stake in American Software by 387.2% during the third quarter. Advisor Group Holdings Inc. now owns 3,118 shares of the software maker worth $74,000 after buying 2,478 additional shares in the last quarter. Meeder Asset Management Inc. acquired a new position in American Software during the first quarter worth $80,000. Finally, Macquarie Group Ltd. increased its stake in American Software by 308.4% during the third quarter. Macquarie Group Ltd. now owns 3,753 shares of the software maker worth $89,000 after buying 2,834 additional shares in the last quarter. 82.09% of the shares are currently held by institutional investors and hedge funds.

American Software Company Profile (Get a rating)

American Software, Inc. develops, markets and supports a line of computer application software products in the United States and around the world. It operates through three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting) and Others. The SCM segment provides demand optimization, inventory optimization, supply optimization, retail optimization, quality and compliance, PLM, procurement and integrated business planning.

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