Maxim Group analyst Matthew Galinko maintained a Buy rating on American Software (AMSWA – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $13.92.
Galinko covers the Technology sector, focusing on stocks such as American Software, Adeia, and SuperCom. According to TipRanks, Galinko has an average return of -2.6% and a 38.38% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Software with a $22.00 average price target.
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Based on American Software’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $31.44 million and a net profit of $2.08 million. In comparison, last year the company earned a revenue of $31.21 million and had a net profit of $3.31 million
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American Software, Inc. engages in the development and marketing of supply chain management and enterprise software solutions. It operates through the following segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment offers supply chain optimization and retail planning solutions. The IT Consulting segment provides software enhancements, documentation, updates, customer education, consulting, systems integration services, maintenance, and support services. The Other segment involves the purchasing and materials management, customer order processing, financial, e-commerce, and traditional manufacturing solutions. The company was founded by James C. Edenfield in 1970 and is headquartered in Atlanta, GA.
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