Maxim Group analyst Matthew Galinko maintained a Buy rating on American Software (AMSWA – Research Report) yesterday and set a price target of $20.00. The company’s shares closed yesterday at $11.86.
According to TipRanks, Galinko is an analyst with an average return of -11.8% and a 35.07% success rate. Galinko covers the Technology sector, focusing on stocks such as American Software, Adeia, and Unisys.
American Software has an analyst consensus of Strong Buy, with a price target consensus of $18.50.
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Based on American Software’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $29.91 million and a net profit of $2.87 million. In comparison, last year the company earned a revenue of $34.65 million and had a net profit of $3.58 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMSWA in relation to earlier this year. Most recently, in June 2023, DOW H ALLAN, the President of AMSWA bought 18,253.00 shares for a total of $202,243.24.
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 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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