On September 19, 2023, American Software, Inc. made an exciting announcement regarding the divestment of their esteemed information technology consulting firm, The Proven Method. This strategic move was made in order to allow American Software to concentrate on their core supply chain planning business, while paving the way for Logility, their operating entity, to further expand their cutting-edge AI-first supply chain management platform.
The sale of The Proven Method was successfully closed on September 18, 2023, with Marathon TS, Inc., a renowned IT professional services firm, taking over the reins. This acquisition will undoubtedly bolster Marathon TS’s position in the industry and enhance their capabilities in serving the federal government.
Logility, on the other hand, is now able to fully focus on advancing their cloud-based platform, which offers a unique fusion of Generative AI, state-of-the-art AI-driven algorithms, machine learning, and predictive analytics. These innovative features enable Logility to deliver integrated planning and operations across the entire supply chain, ensuring seamless efficiency and optimization.
In light of their recent acquisition, Marathon TS is actively seeking an Acquisition Support Platform Owner for their operations in Washington Highlands, Maryland, United States. This position presents an exciting opportunity for individuals with a passion for IT professional services and a drive to contribute to the growth and success of Marathon TS.
With these developments, both American Software and Marathon TS are poised for a prosperous future in the ever-evolving landscape of information technology and supply chain management.
American Software, Inc.
Updated on: 30/09/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
7:00 PM (UTC)
Date:28 September, 2023
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AMSWA Stock Performance and Future Outlook: September 19, 2023 Analysis
On September 19, 2023, AMSWA stock had a mixed performance. The stock opened at $11.15, slightly lower than the previous close of $11.16. Throughout the day, the stock traded in a range of $11.15 to $11.43. The trading volume was relatively low at 4,000 shares.
AMSWA, with a market capitalization of $385.1 million, operates in the technology services sector, specifically in the packaged software industry. The company’s earnings growth has been negative in the past year, with a decline of 19.42%. However, there is a slight improvement in earnings growth this year, with a decrease of 6.45%. Looking ahead, AMSWA is expected to experience positive earnings growth in the next five years, with a projected increase of 20.00%.
In terms of revenue growth, AMSWA experienced a decline of 3.05% in the past year. The company’s financial ratios indicate a P/E ratio of 34.6, suggesting that investors are willing to pay a higher price for each dollar of AMSWA’s earnings. The price/sales ratio stands at 3.28, indicating that the stock is trading at a moderate valuation in relation to its sales. The price/book ratio is 2.76, suggesting that the stock is trading at a reasonable valuation in relation to its book value.
Comparing AMSWA’s performance to other stocks in the technology services sector, Domo Inc and Materialise NV saw declines of 1.34% and 0.17%, respectively, on September 19, 2023. These stocks are in different industries within the sector, with Domo Inc in the technology services industry and Materialise NV in the packaged software industry.
AMSWA’s next reporting date is set for November 30, 2023. Analysts are forecasting earnings per share of $0.10 for the current quarter. In the previous year, the company generated annual revenue of $123.7 million and a net profit of $10.4 million, resulting in a net profit margin of 8.43%.
Overall, AMSWA’s stock performance on September 19, 2023, was relatively stable, with a slight decrease in the opening price. The company’s earnings and revenue growth have been mixed, but there is optimism for future earnings growth in the next five years. Investors should keep an eye on the upcoming reporting date and the company’s ability to meet earnings expectations.
American Software Inc: Analysts Expecting Significant Growth and Consistent Positive Outlook
On September 19, 2023, American Software Inc (AMSWA) had a median target price of $17.00, according to three analysts offering 12-month price forecasts. The high estimate was $20.00, while the low estimate matched the median target price of $17.00. This indicates that the analysts expect a potential increase of 48.93% from the last recorded price of $11.42.
The consensus among four polled investment analysts is to buy stock in American Software Inc. This rating has remained unchanged since June, indicating a consistent positive outlook for the company’s performance.
In terms of recent financial performance, American Software Inc reported earnings per share of $0.10 for the current quarter. The company’s sales for the same period amounted to $29.9 million. The reporting date for these figures is set for November 30.
Based on the information provided, it appears that American Software Inc is expected to experience significant growth in the coming months. The median target price of $17.00 suggests that the stock has the potential to increase by almost 50%, which is a promising prospect for investors.
The consensus buy rating from investment analysts further reinforces the positive sentiment surrounding the company. This rating has remained steady since June, indicating that market experts have consistently viewed American Software Inc as an attractive investment opportunity.
However, it is important for investors to conduct thorough research and consider other factors before making any investment decisions. While the information provided suggests a positive outlook for American Software Inc, market conditions and other unforeseen factors can always impact stock performance.
Overall, the data from September 19, 2023, indicates that American Software Inc has a positive outlook, with analysts expecting substantial growth in the coming months. Investors should carefully evaluate their investment strategies and consider the potential risks before making any decisions.