In a report released today, Kevin Liu from B.Riley FBR maintained a Hold rating on American Software (NASDAQ: AMSWA), with a price target of $13. The company’s shares closed on Friday at $13.12.
According to TipRanks.com, Liu is a 5-star analyst with an average return of 13.5% and a 64.7% success rate. Liu covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and Netscout Systems.
American Software has an analyst consensus of Hold, with a price target consensus of $13.
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Based on American Software’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $1.39 million. In comparison, last year the company had a net profit of $2.73 million.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Edenfield, a Director at AMSWA sold 10,300 shares for a total of $134,930.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Software, Inc. engages in the development and marketing of software and services which deliver supply chain and advanced retail planning solutions. It operates through the following segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other.
