In a report released today, Kevin Liu from B.Riley FBR downgraded American Software (NASDAQ: AMSWA) to Hold. The company’s shares closed yesterday at $18.89, close to its 52-week high of $18.94.
According to TipRanks.com, Liu is a 5-star analyst with an average return of 14.0% and a 66.4% success rate. Liu covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and Netscout Systems.
Currently, the analyst consensus on American Software is a Moderate Buy with an average price target of $18.
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Based on American Software’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $1.27 million. In comparison, last year the company had a net profit of $2.73 million.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. Last month, Vincent Klinges, the CFO of AMSWA sold 6,626 shares for a total of $97,601.
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.
