William Blair analyst Matthew Pfau reiterated a Buy rating on American Software (AMSWA – Research Report) today. The company’s shares opened today at $11.54.
Pfau covers the Technology sector, focusing on stocks such as Shopify, Shotspotter, and SPS Commerce. According to TipRanks, Pfau has an average return of -0.9% and a 41.61% success rate on recommended stocks.
Currently, the analyst consensus on American Software is a Strong Buy with an average price target of $18.50, a 60.31% upside from current levels. In a report released on August 28, Maxim Group also maintained a Buy rating on the stock with a $20.00 price target.
See the top stocks recommended by analysts >>
AMSWA market cap is currently $393.9M and has a P/E ratio of 35.56.
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.
Read More on AMSWA:
