American Software Stock (NASDAQ:AMSWA), Trade Ideas

American Software

American Software Inc develops enterprise management and supply chain-related software and services. Its software and services bring business value to companies by supporting their operations over cloud-based Internet-architected solutions. The company's operating segments inlcude Supply Chain Management (SCM); Information Technology Consulting (IT Consulting) and Others. It generates maximum revenue from the Supply Chain Management segment. SCM segment provides collaborative supply chain solutions to streamline and optimize the production, distribution, and management of products between trading partners. Its solutions consist of global sourcing, workflow management, customer service applications, and ERP solutions.

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Shares of  MercadoLibre, Inc. (NASDAQ: MELI) fell sharply during Friday’s session after the company reported fourth-quarter financial results.

Why MercadoLibre Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Eurozone

Commodities

Global

BBLG

CHPT

CYTO

TWST

U.S. stocks traded slightly higher toward the end of trading, with the Nasdaq Composite gaining around 30 points on Friday.

The Dow traded up 0.07% to 34,969.63 while the NASDAQ rose 0.21% to 14,142.80. The S&amp;P 500 also rose, gaining, 0.18% to 4,516.39.

S&amp;P 500 Edges Higher; Buckle Shares Surge After Q3 Earnings

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ZJYL

Shares of Dolby Laboratories, Inc. (NYSE: DLB) fell during Friday’s session following weak guidance.

Why Dolby Laboratories Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

American Software, Inc. - Class A Common Stock

American Software Inc

Planned Reclassification Simplifies Equity Capital Structure and Improves Corporate Governance
American Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) ("American Software" or the "Company"), a leading provider of innovative AI-powered supply chain planning software, today announced it has entered into an agreement (the "Reclassification Agreement") with James C. Edenfield (the "Class B Shareholder"), the sole, beneficial owner of all of the issued and outstanding shares of the Company's Class B Common Stock, par value $0.10 per share (the "Class B Common Stock"). Under the terms of the Reclassification Agreement, the Company's Class B Common Stock will be eliminated subject to receipt of shareholder approval (the "Reclassification Transaction"). The Company's Board of Directors has approved and will recommend that the shareholders approve certain amendments to the Company's Amended and Restated Articles of Incorporation (the "Second Amended and Restated Articles") to effectuate the Reclassification Transaction at the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting").
Under the terms of the Reclassification Agreement, each outstanding share of the Company's Class B Common Stock will be exchanged for 1.2 shares of the Company's Class A Common Stock, par value $0.10 per share ("Class A Common Stock").
The Reclassification Transaction follows the Board of Directors' previously announced review of financial and capital structural alternatives to create shareholder value and enhance the Company's corporate governance practices.
"We believe the elimination of the dual class structure will enhance long-term value for all shareholders by aligning voting rights with economic interests," said Allan Dow, CEO and President of American Software. "Simplifying our capital structure also improves our corporate governance and broadens our appeal to investors."
The closing of the Reclassification Transaction is subject to approval by the affirmative vote of the holders of (i) a majority of the issued and outstanding shares of Class A Common Stock and Class B Common Stock entitled to vote, voting together as a single class, and (b) a majority of the issued and outstanding shares of Class A Common Stock held by the Unaffiliated Common Shareholders (as defined in the Reclassification Agreement). Under the terms of the Reclassification Agreement, the Class B Shareholder has agreed to vote to approve the Reclassification Transaction at the Annual Meeting.
The Company will be seeking shareholder approval of the Reclassification Transaction and the Second Amended and Restated Articles at its Annual Meeting.
Houlihan Lokey Capital, Inc. acted as financial advisor to the Company, and Baker, Donelson, Bearman, Caldwell &amp; Berkowitz, PC acted as legal advisor to the Company.

American Software Announces Agreement To Eliminate Class B Common Stock; Each Outstanding Share Of The Company's Class B Common Stock Will Be Exchanged For 1.2 Shares Of The Company's Class A Common Stock, Par Value $0.10 Per Share

Shares of MercadoLibre, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) fell sharply during Friday&rsquo;s session after the company reported <a href="https://www.benzinga.com/news/earnings/24/02/37274889/mercadolibre-reports-mixed-q4-results-earnings-miss-revenues-beat">fourth-quarter financial results.</a>
MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion.
MercadoLibre shares dipped 9.6% to $1,643.30 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
Gainers
<ul>
<li>AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) shares surged 74.4% to $3.9750 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Maravai LifeSciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvi#NASDAQ">MRVI</a>) shares jumped 60.8% to $8.22 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>AtlasClear Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) rose 48% to $1.6899.</li>
<li>EZFill Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezfl#NASDAQ">EZFL</a>) gained 44.6% to $ 1.8088.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) jumped 42.3% to $0.7819.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) gained 36.2% to $21.79.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) rose 31.2% to $68.77 after the company reported fourth-quarter financial results.</li>
<li>Sleep Number Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snbr#NASDAQ">SNBR</a>) gained 30.5% to $14.42 after the company reported better-than-expected fourth-quarter financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 26% to $ 35.72.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) gained 26% to $16.85 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) gained 25.7% to $3.72.</li>
<li>Vroom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrm#NASDAQ">VRM</a>) jumped 25.5% to $ 10.50. Vroom is expected to release fourth quarter earnings on March 13, 2024.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 25.4% to $35.61.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) gained 22.4% to $10.14 after the company&#39;s Odysseus spacecraft landed on the Moon.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) climbed 19.4% to $81.20 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) gained 18.3% to $6.82.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) gained 18.2% to $20.37 following upbeat results.</li>
<li>Docebo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcbo#NASDAQ">DCBO</a>) gained 17.7% to $53.99 following upbeat quarterly results.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) shares rose 17.2% to $20.20 following strong quarterly results.</li>
<li>Nextdoor Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kind#NASDAQ">KIND</a>) gained 16.9% to $2.0101 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.</li>
<li>Evolent Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evh#NYSE">EVH</a>) gained 12.6% to $33.54 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tndm#NASDAQ">TNDM</a>) climbed 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.</li>
<li>American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>) gained 11.6% to $11.49 following strong quarterly results.</li>
<li>Akero Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akro#NASDAQ">AKRO</a>) surged 11% to $26.86.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) climbed 10.6% to $6.39.</li>
<li>LegalZoom.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lz#NASDAQ">LZ</a>) gained 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance. </li>
<li>Vir Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vir#NASDAQ">VIR</a>) rose 10.3% to $11.36 following strong sales results.</li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) rose 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.</li>
<li>Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) climbed 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>RB Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rba#NYSE">RBA</a>) rose 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.</li>
<li>Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) gained 5% to $29.75.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sequans Communications S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqns#NYSE">SQNS</a>) fell 65% to $0.8925 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.</li>
<li>Smith Micro Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smsi#NASDAQ">SMSI</a>) shares fell 41.5% to $0.4781 after posting weak quarterly sales.</li>
<li>ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) fell 39.9% to $26.39 after the company issued weak sales forecast for the first quarter.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) dipped 37% to $0.1285 after announcing delisting from the Nasdaq.</li>
<li>Upland Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upld#NASDAQ">UPLD</a>) tumbled 34.5% to $2.8890 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares fell 31.2% to $14.00 after reporting fourth-quarter results.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) fell 29.3% to $7.79.</li>
<li>Fox Factory Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>) tumbled 27% to $47.38 after the company reported mixed fourth-quarter financial results and issued FY24 EPS and revenue guidance below estimates.</li>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) fell 25% to $3.9299.</li>
<li>Vicor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vicr#NASDAQ">VICR</a>) fell 21.2% to $36.92 after the company reported worse-than-expected quarterly financial results.</li>
<li>Gray Television, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtn#NYSE">GTN</a>) fell 21.2% to $6.26 after the company reported a year-over-year decrease in fourth-quarter financial results and issued first-quarter revenue guidance below estimates.</li>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) shares dipped 19.2% to $2.2150 after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) fell 15% to $4.58 following weak quarterly earnings.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) dipped 14.6% to $6.02.</li>
<li>indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) shares fell 14.2% to $5.91 following weak quarterly sales.</li>
<li>nLIGHT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lasr#NASDAQ">LASR</a>) fell 13.6% to $11.93 following fourth-quarter results.</li>
<li>ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>) declined 12.2% to $5.64 after the company reported fourth-quarter financial results and issued weak FY24 guidance.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) fell 12% to $858.42 after the company announced a private offering of convertible senior notes.</li>
<li>Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) shares fell 9.7% to $3,522.25 after the company reported fourth-quarter financial results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) fell 9.3% to $8.68 after the company reported fourth-quarter financial results below estimates.</li>
<li>Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) fell 8% to $241.77 after the company reported mixed fourth-quarter financial results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/02/37283655/intuit-to-rally-around-14-here-are-10-top-analyst-forecasts-for-friday"> Intuit To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Friday </a>

Why MercadoLibre Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Guidance

American Software Sees FY24 Revenue $100M-$104M Vs $102.176M Est.

American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) reported its Q3 earnings results on Thursday, February 22, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
American Software beat estimated earnings by 171.43%, reporting an EPS of $0.19 versus an estimate of $0.07.
Revenue was down $5.47 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.01 which was followed by a 9.02% drop in the share price the next day.
Here's a look at American Software's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.09</td>
<td>0.09</td>
<td>0.09</td>
<td>0.09</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.12</td>
<td>0.12</td>
<td>0.13</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>28.00M</td>
<td>29.24M</td>
<td>30.71M</td>
<td>31.15M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>25.69M</td>
<td>29.17M</td>
<td>29.91M</td>
<td>31.01M</td>
</tr>
</tbody>
</table>

To track all earnings releases for American Software <a href="https://www.benzinga.com/quote/AMSWA/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: American Software Q3 Earnings

American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.07 by 171.43 percent. The company reported quarterly sales of $25.54 million which beat the analyst consensus estimate of $24.81 million by 2.93 percent. This is a 6.89 percent decrease over sales of $27.43 million the same period last year.

Earnings Beats

American Software Q3 2024 Adj EPS $0.19 Beats $0.07 Estimate, Sales $25.54M Beat $24.81M Estimate

The Board of Directors of American Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>), a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, announced today that the company&#39;s co-founder, Executive Chairman and Treasurer, James C. Edenfield, has elected to step down from the Board and as the company&#39;s Treasurer, after over 50 years of leadership for the company. Mr. Edenfield submitted a letter of resignation, which the Board accepted today. Mr. Edenfield will continue as an advisor to the company and its Board.
Mr. Edenfield is an original co-founder of the company, dating back to 1970, when Mr. Edenfield and Dr. Thomas L. Newberry, IV, formed the predecessor to the company and served on its Board, with Mrs. Norma Edenfield and Mrs. Evelyn Newberry. Mr. Edenfield, together with Dr. Newberry, pioneered the development and use of manufacturing and distribution planning and execution software applications; which were foundational for the supply chain management software industry as a whole, above and beyond being foundational for the company.
For decades, Mr. Edenfield served as the company&#39;s Co-Chief Executive Officer, President and Treasurer. He oversaw the company&#39;s growth, its initial public offering in 1983, global expansion and successfully led the company through rapid and enormous changes in the business and industry.
The Board announced that James B. Miller, Jr., a member of the Board since 2002, has agreed to serve as the Chair of the Board, effective today.
&quot;Jim Edenfield has been a leader, mentor and friend through the decades I have known him,&quot; said Allan Dow, CEO of American Software. &quot;We are glad that Jim will continue to advise our Board and me and are grateful for his half a century of service to the company. We&#39;re also thankful for Jim Miller&#39;s willingness to step up as our Board Chair and look forward to his leadership in this transitionary period.&quot;
This announcement does not affect the company&#39;s previously announced Nomination and Corporate Governance Committee review of the Company&#39;s corporate structure and dual class structure. The Committee expects that the completion of that work can be announced prior to the annual shareholder meeting.

Management

American Software, Inc. Announces Resignation Of Executive Chair Jim Edenfield

U.S. stocks traded slightly higher&nbsp;toward the end of trading, with the Nasdaq Composite&nbsp;gaining around 30 points on Friday.
The Dow traded up 0.07% to 34,969.63 while the NASDAQ rose 0.21% to 14,142.80. The S&amp;P 500 also rose, gaining, 0.18% to 4,516.39.
Check This Out: <a href="https://www.benzinga.com/news/23/11/35847528/top-5-health-care-stocks-that-may-collapse-in-november"> Top 5 Health Care Stocks That May Collapse In November</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares surged by 2.4% on Friday.
In trading on Friday, communication services shares fell by 0.8%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of The Buckle, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bke#NYSE">BKE</a>) gained more than 8% on Friday after the company reported better-than-expected third-quarter earnings.
Buckle reported a third-quarter FY23 sales decline of 8.7% year-on-year to $303.46 million, missing the analyst consensus estimate of $316.70 million. EPS of $1.04 beat the consensus estimate of $0.98.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) shares shot up 31% to $17.88 after the company reported better-than-expected financial results for the third quarter on Thursday.
Shares of Altamira Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyto#NASDAQ">CYTO</a>) got a boost, shooting 259% to $0.3585. Altamira Therapeutics entered into a binding agreement to sell a 51% stake in its subsidiary Altamira Medica AG to a Swiss private equity investor as part of its strategic repositioning around its RNA delivery technology.
Twist Bioscience Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twst#NASDAQ">TWST</a>) shares were also up, gaining 29% to $24.64 following strong quarterly results.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>) shares dropped 10% to $9.86 after the company reported second-quarter financial results and issued FY24 revenue guidance below estimates. Also, B. Riley Securities lowered its price target from $17 to $16 on the stock.
Shares of Bone Biologics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bblg#NASDAQ">BBLG</a>) were down 31% to $0.5385 after the company announced a registered direct offering priced at-the-market under Nasdaq rules.
ChargePoint Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chpt#NYSE">CHPT</a>) was down, falling 35% to $2.0375 after the company reported preliminary results and announced a management transition. The company appointed Rick Wilmer, who has been COO since July 2022, as its new president and CEO, effective Nov. 16.
Also Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35843561/jim-cramer-has-a-problem-with-this-fintech-giant-i-like-the-mastercards-and-the-visas-no"> Jim Cramer Has A &#39;Problem&#39; With This Fintech Giant: &#39;I Like The Mastercards And The Visas Now&#39;</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 4.1% to $75.92 while gold traded down 0.2% at $1,983.70.
Silver traded down 0.5% to $23.815 on Friday while copper rose 1% to $3.7390.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares closed higher today. The eurozone&rsquo;s STOXX 600 gained 1.01%, London&rsquo;s FTSE 100 climbed 1.26% while Spain&rsquo;s IBEX 35 Index rose 0.97% The German DAX rose 0.84% French CAC 40 rose 0.91%, while Italy&rsquo;s FTSE MIB Index rose 0.82%.
The inflation rate in the Eurozone came in at 2.9% year-over-year for October, recording the lowest figure since July 2021. The Eurozone reported a current account surplus of EUR 40.78 billion in September versus a year-ago deficit of EUR 5.40 billion. Retail sales in the UK declined by 0.3% month-over-month in October versus a revised 1.1% decline in September.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Friday, with Japan&rsquo;s Nikkei 225 gaining 0.48%, Hong Kong&rsquo;s Hang Seng Index falling 2.12% and China&rsquo;s Shanghai Composite Index gaining 0.11%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.3%.
Foreign direct investment into China fell by 9.4% year-over-year to CNY 987.01 billion during the first ten months of the year.
&nbsp;
<h3>Economics</h3>
&nbsp;
Housing starts in the U.S. increased by 1.9% month-over-month to an annualized rate of 1.372 million in October, while building permits rose by 1.1% to an annual rate of 1.487 million. 
The total number of active U.S. oil rigs climbed by 6 to 500 rigs this week, Baker Hughes Inc reported.
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/11/35843501/how-to-earn-500-a-month-from-walmart-stock-following-strong-q3-sales"> How To Earn $500 A Month From Walmart Stock Following Strong Q3 Sales </a>

S&P 500 Edges Higher; Buckle Shares Surge After Q3 Earnings

Shares of Dolby Laboratories, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dlb#NYSE">DLB</a>) fell during Friday&rsquo;s session <a href="https://www.benzinga.com/news/earnings/23/11/35839789/weak-q1-fy24-guidance-dampens-dolby-laboratories-q4-earnings-beats">following weak guidance</a>.
Dolby Laboratories reported quarterly earnings of 65 cents per share, surpassing the analyst consensus estimate of 53 cents. The company reported quarterly sales of $290.56 million, which topped the analyst consensus estimate of $290.20 million, according to data from <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Dolby Laboratories said it sees first-quarter earnings between 80 cents and 95 cents per share, versus the $1.08 estimate. The company sees total revenue in a range between $300 million and $330 million, versus the estimate of $353.67 million.
Dolby Laboratories shares dropped 8.3% to $80.49
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Altamira Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyto#NASDAQ">CYTO</a>) surged 183% to $0.2830. Altamira Therapeutics announced partial spin-off of Bentrio business.</li>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) shares jumped 141% to $7.33. Safe And Green Development shares jumped around 559% on Thursday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.</li>
<li>WANG &amp; LEE GROUP, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wlgs#NASDAQ">WLGS</a>) shares gained 76.5% to $0.7097.</li>
<li>Mural Oncology plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mura#NASDAQ">MURA</a>) shares gained 41.2% to $5.35 after falling around 92% on Thursday.</li>
<li>Curis, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cris#NASDAQ">CRIS</a>) jumped 36.5% to $8.07. Truist Securities initiated coverage on Curis with a Buy rating and announced a price target of $26.</li>
<li>Syntec Optics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/optx#NASDAQ">OPTX</a>) shares gained 33% to $6.90 after gaining around 12% on Thursday. Syntec Optics was awarded a contract for optics in biomedical equipment.</li>
<li>The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) gained 26.9% to $17.35 after the company reported better-than-expected financial results for the third quarter on Thursday.</li>
<li>Kodiak Sciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kod#NASDAQ">KOD</a>) rose 20.4% to $2.3109. Kodiak Sciences recently posted a narrower-than-expected quarterly loss.</li>
<li>Twist Bioscience Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twst#NASDAQ">TWST</a>) climbed 20.2% to $22.93 following strong quarterly results.</li>
<li>SenesTech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snes#NASDAQ">SNES</a>) rose 19.8% to $2.61. SenesTech recently announced a 1-for-12 reverse stock split.</li>
<li>Qifu Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qfin#NASDAQ">QFIN</a>) gained 14% to $17.66 following third-quarter results.</li>
<li>GDEV Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdev#NASDAQ">GDEV</a>) rose 13.2% to $3.0010.</li>
<li>VNET Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnet#NASDAQ">VNET</a>) climbed 13% to $2.95.</li>
<li>Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) rose 12.7% to $3.27.</li>
<li>Globant S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glob#NYSE">GLOB</a>) surged 12.4% to $205.73 following upbeat third-quarter results.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) gained 12.2% to $12.68.</li>
<li>Tenet Healthcare Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thc#NYSE">THC</a>) rose 11% to $64.60 after it inked a deal with Novant Health to sell three hospitals and related operations in South Carolina for around $2.4 billion in cash.</li>
<li>Ross Stores, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>) rose 8.8% to $130.67 as the company reported upbeat results for its third quarter and raised FY23 earnings guidance.</li>
<li>Manchester United plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/manu#NYSE">MANU</a>) gained 7.4% to $19.79 following a report suggesting Jim Ratcliffe&#39;s Ineos Sports is in talks to buy a 25% stake in the club for $33 per share</li>
<li>The Buckle, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bke#NYSE">BKE</a>) gained 7.3% to $37.50 following upbeat earnings.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Bone Biologics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bblg#NASDAQ">BBLG</a>) fell 39.7% to $0.4701 after the company announced a registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Vigil Neuroscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vigl#NASDAQ">VIGL</a>) shares dipped 39.6% to $4.03 after the company reported interim data from Phase 2 IGNITE proof-of-concept clinical trial evaluating iluzanebart as a treatment for ALSP and from ongoing natural history study ILLUMINATE.</li>
<li>ChargePoint Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chpt#NYSE">CHPT</a>) declined 36.1% to $1.9997 after the company reported preliminary results and announced a management transition. The company appointed Rick Wilmer, who has been COO since July 2022, as its new president and CEO, effective Nov. 16.</li>
<li>Zenvia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zenv#NASDAQ">ZENV</a>) dipped 30.1% to $0.8596 following third-quarter results.</li>
<li>Mobiv Acquisition Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mobv#NASDAQ">MOBV</a>) fell 20.5% to $3.06. Mobiv Acquisition entered into amendment to non-redemption agreement extending term.</li>
<li>Alpha Technology Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atgl#NASDAQ">ATGL</a>) shares fell 14.7% to $25.43 after jumping 136% on Thursday.</li>
<li>WeTrade Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wetg#NASDAQ">WETG</a>) declined 14.7% to $6.79</li>
<li>Solid Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sldb#NASDAQ">SLDB</a>) fell 14% to $2.34. Solid Biosciences recently announced that it has received FDA clearance of an IND application for its Duchenne muscular dystrophy gene therapy candidate.</li>
<li>American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>) declined 12.1% to $9.65 after the company reported worse-than-expected second-quarter financial results and issued FY24 revenue guidance below estimates. Also, B. Riley Securities lowered its price target from $17 to $16 on the stock.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) fell 11.5% to $0.0905. Infobird disclosed a 1-for-20 share consolidation and increase of the authorized share capital.</li>
<li>Mondee Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mond#NASDAQ">MOND</a>) tumbled 9.6% to $3.2250. Mondee Holdings files for secondary offering of up to 1.3 million shares of common stock.</li>
<li>Beazer Homes USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bzh#NYSE">BZH</a>) fell 9.2% to $27.45 after the company reported a year-over-year decrease in fourth-quarter EPS results.</li>
<li>trivago N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trvg#NASDAQ">TRVG</a>) fell 8.8% to $2.7450.</li>
<li>Spectrum Brands Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spb#NYSE">SPB</a>) fell 7.2% to $71.31 following fourth-quarter results.</li>
<li>Atkore Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atkr#NYSE">ATKR</a>) fell 6.5% to $126.48 following weak revenue.</li>
<li>ZTO Express (Cayman) Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zto#NYSE">ZTO</a>) shares declined 5.4% to $22.74 following third-quarter results.</li>
<li>Applied Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>) shares fell 4.3% to $148.11 after the company reported fourth-quarter financial results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35843561/jim-cramer-has-a-problem-with-this-fintech-giant-i-like-the-mastercards-and-the-visas-no"> Jim Cramer Has A &#39;Problem&#39; With This Fintech Giant: &#39;I Like The Mastercards And The Visas Now&#39;</a>

Why Dolby Laboratories Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

WIIM

American Software shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 revenue guidance below estimates. Also, B. Riley Securities lowered its price target from $17 to $16 on the stock.

B. Riley Securities analyst Zach Cummings maintains American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) with a Buy and lowers the price target from $17 to $16.

Price Target

Analyst Ratings

B. Riley Securities Maintains Buy on American Software, Lowers Price Target to $16

<h3>Gainers</h3>
<ul>
<li>AgileThought (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIL#NASDAQ">AGIL</a>) shares increased by 13.3% to $0.09 during Friday's pre-market session. The market value of their outstanding shares is at $4.8 million. </li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) stock increased by 12.72% to $0.31. The market value of their outstanding shares is at $5.5 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) stock rose 10.46% to $0.76. The company's market cap stands at $55.0 million. The company's, Q1 earnings came out 4 days ago. </li>
<li>Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) shares moved upwards by 7.69% to $4.9. The company's market cap stands at $28.7 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) shares rose 6.55% to $1.95. The company's market cap stands at $72.1 million. </li>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) shares increased by 6.15% to $0.88. The company's market cap stands at $1.5 million. The company's, Q3 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>CalAmp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMP#NASDAQ">CAMP</a>) shares decreased by 15.4% to $0.32 during Friday's pre-market session. The company's market cap stands at $12.3 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock decreased by 12.64% to $26.06. The market value of their outstanding shares is at $390.9 million. </li>
<li>American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) shares fell 10.02% to $9.88. The market value of their outstanding shares is at $337.5 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>WaveDancer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) shares decreased by 7.17% to $2.59. The market value of their outstanding shares is at $5.0 million. The company's, Q3 earnings came out 4 days ago. </li>
<li>Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) stock declined by 7.12% to $143.79. The market value of their outstanding shares is at $120.2 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) stock declined by 5.95% to $82.55. The company's market cap stands at $7.8 billion. As per the news, the Q4 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGIL

AKTS

ALAR

ASTI

CAMP

MRIN

VERI

WAVD

12 Information Technology Stocks Moving In Friday's Pre-Market Session

American Software FY24 Revenue $100M-$104M Vs $116.02M Est.

Earnings Misses

American Software Q2 FY23 Adj. EPS $0.08 Misses $0.09 Estimate, Revenue $25.690M Misses $28.272M Estimate

<h3>Gainers</h3>
<ul>
<li>GSE Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVP#NASDAQ">GVP</a>) stock moved upwards by 8.7% to $3.39 during Thursday's after-market session. The market value of their outstanding shares is at $8.4 million. As per the press release, Q3 earnings came out 2 days ago. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) shares rose 5.55% to $0.11. At the close, Aurora Mobile's trading volume reached 73.5K shares. This is 5.7% of its average volume over the last 100 days. The market value of their outstanding shares is at $13.6 million. As per the press release, Q3 earnings came out today. </li>
<li>WM Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAPS#NASDAQ">MAPS</a>) stock moved upwards by 4.69% to $0.91. The market value of their outstanding shares is at $85.4 million. </li>
<li>Inpixon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INPX#NASDAQ">INPX</a>) shares rose 3.58% to $0.07. Trading volume for this security closed at 556.3K, accounting for 4.9% of its average full-day volume over the last 100 days. The company's market cap stands at $8.8 million. As per the news, the Q3 earnings report came out 2 days ago. </li>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares rose 3.33% to $0.1. Today's trading volume for this security ended up closing at 284.2K shares, which is 6.3 percent of its average volume over the last 100 days. The company's market cap stands at $46.9 million. As per the press release, Q3 earnings came out 3 days ago. </li>
<li>Cipher Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) stock rose 3.2% to $2.58. The company's market cap stands at $657.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares declined by 13.7% to $25.75 during Thursday's after-market session. The market value of their outstanding shares is at $386.2 million. </li>
<li>American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) stock fell 11.66% to $9.7. The company's market cap stands at $331.4 million. As per the news, the Q2 earnings report came out today. </li>
<li>Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) shares fell 7.04% to $143.92. Trading volume for this security closed at 1.4 million, accounting for 27.2% of its average full-day volume over the last 100 days. The company's market cap stands at $120.3 billion. The company's, Q4 earnings came out today. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) stock declined by 4.99% to $0.51. The company's market cap stands at $10.6 million. The company's, Q3 earnings came out 3 days ago. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) stock declined by 4.81% to $2.38. The company's market cap stands at $8.0 million. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) stock fell 4.05% to $11.61. This security traded at a volume of 120.8K shares come close, making up 5.2% of its average volume over the last 100 days. The market value of their outstanding shares is at $493.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRE

BTOG

CIFR

HTCR

INPX

MAPS

MMAT

12 Information Technology Stocks Moving In Thursday's After-Market Session

American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) reported its Q2 earnings results on Thursday, November 16, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
American Software missed estimated earnings by 11.11%, reporting an EPS of $0.08 versus an estimate of $0.09.
Revenue was down $5.75 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 10.53% increase in the share price the next day.
Here's a look at American Software's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.09</td>
<td>0.09</td>
<td>0.09</td>
<td>0.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.12</td>
<td>0.12</td>
<td>0.13</td>
<td>0.10</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>29.24M</td>
<td>30.71M</td>
<td>31.15M</td>
<td>32.89M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>29.17M</td>
<td>29.91M</td>
<td>31.01M</td>
<td>31.44M</td>
</tr>
</tbody>
</table>

To track all earnings releases for American Software <a href="https://www.benzinga.com/quote/AMSWA/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: American Software Q2 Earnings

Divestment aligns with American Software's commitment to AI-first supply chain technology solutions
 &nbsp;

American Software Announces Agreement To Divest Of Transportation Rating Solutions

<h3>Companies Reporting Before The Bell</h3>
&bull; Children&#39;s Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $11.90 million.
&bull; Borr Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $191.00 million.
&bull; Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $328.26 million.
&bull; Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $340.92 million.
&bull; Alibaba Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is estimated to report quarterly earnings at $2.12 per share on revenue of $30.79 billion.
&bull; Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is estimated to report quarterly loss at $0.66 per share on revenue of $315.88 million.
&bull; Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is expected to report quarterly earnings at $1.41 per share on revenue of $149.82 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $746.78 million.
&bull; Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $2.19 billion.
&bull; NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) is expected to report quarterly earnings at $1.45 per share on revenue of $3.81 billion.
&bull; Youdao (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) is projected to report quarterly loss at $0.07 per share on revenue of $229.45 million.
&bull; Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $1.56 billion.
&bull; Stratasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $162.54 million.
&bull; Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is likely to report quarterly loss at $0.27 per share on revenue of $23.13 million.
&bull; OneWater Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $416.40 million.
&bull; Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is estimated to report earnings for its third quarter.
&bull; Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) is estimated to report earnings for its third quarter.
&bull; Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) is likely to report earnings for its third quarter.
&bull; Dingdong (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) is estimated to report earnings for its third quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $1.11 billion.
&bull; Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $1.58 billion.
&bull; Macy&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $4.79 billion.
&bull; NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $595.19 million.
&bull; Berry Global Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) is estimated to report quarterly earnings at $2.11 per share on revenue of $3.15 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) is projected to report earnings for its third quarter.
&bull; Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) is estimated to report earnings for its third quarter.
&bull; Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $990.66 million.
&bull; Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) is likely to report quarterly earnings at $1.48 per share on revenue of $544.65 million.
&bull; Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $164.13 million.
&bull; American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $28.00 million.
&bull; Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $569.27 million.
&bull; voxeljet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VJET#NASDAQ">VJET</a>) is expected to report quarterly loss at $0.48 per share on revenue of $6.51 million.
&bull; Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.14 billion.
&bull; Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $765.35 million.
&bull; Post Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>) is expected to report quarterly earnings at $1.18 per share on revenue of $1.92 billion.
&bull; Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $483.00 million.
&bull; Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $285.00 million.
&bull; Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is projected to report earnings for its third quarter.
&bull; Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $4.82 billion.
&bull; Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter.
&bull; ESCO Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESE#NYSE">ESE</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $266.27 million.
&bull; Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) is likely to report quarterly earnings at $1.39 per share on revenue of $627.29 million.
&bull; Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $3.61 billion.
&bull; Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $290.20 million.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $1.92 billion.
&bull; ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $1.36 billion.
&bull; PagSeguro Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGS#NYSE">PAGS</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $791.87 million.
&bull; Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $231.26 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For November 16, 2023

American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-16. Here's what investors need to know before the announcement.
Analysts estimate that American Software will report an earnings per share (EPS) of $0.09. 
American Software bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 10.53% increase in the share price the next day.
Here's a look at American Software's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.09</td>
<td>0.09</td>
<td>0.09</td>
<td>0.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.12</td>
<td>0.12</td>
<td>0.13</td>
<td>0.10</td>
</tr>
<tr>
<td>Price Change %</td>
<td>10.53%</td>
<td>-23.21%</td>
<td>0.5%</td>
<td>-7.23%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1700064089_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of American Software were trading at $11.16 as of November 14. Over the last 52-week period, shares are down 30.19%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/AMSWA/earnings">To track all earnings releases for American Software visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

American Software Earnings Preview

Vincent C Klinges, CFO at American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>), reported a large acquisition of company stock options on September 28, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000713425/000156218023007043//Archives/edgar/data/713425/000156218023007043/0001562180-23-007043-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Klinges, CFO at American Software, a company in the Information Technology sector, was just awarded stock options worth 150,000 shares of AMSWA. The options give Klinges the right to buy the company's stock at $11.4 per share.
American Software shares are trading down 0.0% at $11.48 at the time of this writing on Friday morning. Since the current price is $11.48, this makes Klinges's 150,000 shares worth $1,722,000.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000713425">Check Out The Full List Of American Software's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

American Software CFO Awarded $1.72M Worth of Stock Options

Harold A Dow, President at American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>), reported a large acquisition of company stock options on September 28, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000713425/000156218023007042//Archives/edgar/data/713425/000156218023007042/0001562180-23-007042-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Dow, President at American Software, a company in the Information Technology sector, was just awarded stock options worth 300,000 shares of AMSWA. The options give Dow the right to buy the company's stock at $11.4 per share.
American Software shares are trading down 0.0% at $11.48 at the time of this writing on Friday morning. Since the current price is $11.48, this makes Dow's 300,000 shares worth $3,444,000.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000713425">Check Out The Full List Of American Software's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President at American Software Acquires Company Stock Options Worth 300,000 Shares

Given the increasing adoption of cloud computing across several end-use industries and the growing adoption of advanced technologies, the software industry's prospects appear bright. Therefore, it could be wise to buy fundamentally strong software stocks Sage Group (SGPYY), F5 (FFIV), and American Software (AMSWA) this year. Keep reading... Due to <a href="https://www.skyquestt.com/report/software-market">digitization and data that is gathered online</a>, businesses' needs for data insights, customer assessments, and other types of business processes have significantly expanded. This trend fuels the demand for software solutions. So, investors could buy software stocks, The Sage Group plc (<a href="https://stocknews.com/stock/SGPYY/">SGPYY</a>), F5, Inc. (<a href="https://stocknews.com/stock/FFIV/">FFIV</a>), and American Software, Inc. (<a href="https://stocknews.com/stock/AMSWA/">AMSWA</a>) this year.
The global software market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/software-market-report">CAGR of 11.5%</a> until 2030. A surge in the volume of enterprise data, rising automation of business processes, and growing digitization are the major drivers of the market. Moreover, rising network security and privacy concerns support the industry's growth.
Furthermore, the increasing demand for various software applications to speed up and simplify business operations using advanced IoT technology and cloud-based solutions is expected to support the application software market growth. The demand for application development software is anticipated to gain steady traction over the coming years, owing to the need for scalable and customized software.
The global application development software market is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/application-development-software-market-report">CAGR of 24.3%</a> until 2028.
In addition, the increasing adoption of cloud computing, the growing popularity of subscription-based models, and the need for cost-effective and flexible software solutions are expected to drive growth in the SaaS market. The growing shift of enterprises towards SaaS from an on-premises model owing to the high cost of on-premises software deployment is further projected to propel the market growth.
The global software as a Service (SaaS) market is projected to grow at a <a href="https://www.acumenresearchandconsulting.com/software-as-a-service-saas-market">CAGR of 18.1%</a> until 2032.
Considering these conducive trends, let's take a look at the fundamentals of the three best software stocks.
The Sage Group plc (<a href="https://stocknews.com/stock/SGPYY/">SGPYY</a>)
Based in Newcastle upon Tyne, the United Kingdom, SGPYY provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, Sage People, Sage 200, Sage X3, Sage Accounting, Sage Payroll, and Sage HR.
In November 28, 2023, SGPYY announced the launch of Sage Construction Management in Canada. SGPYY is expanding its construction cloud suite with the addition of cloud pre-construction and project management capabilities to its industry-leading construction portfolio.
SGPYY's trailing-12-month net income margin of 9.66% is 309.7% higher than the 2.36% industry average. Its trailing-12-month ROTA of 5.36% is significantly higher than the industry average of 0.38%.
SGPYY's underlying total revenue for the year ended September 30, 2023, increased 12.1% year-over-year to £2.18 billion ($2.76 billion). Its underlying operating profit rose 21% year-over-year to £456 million ($577.10 million). The company's <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> increased 15.9% year-over-year to £553 million ($699.86 million). Also, its underlying basis EPS came in at 32.25p, representing an increase of 25.3% year-over-year.
The consensus revenue came in at $3.02 billion for the fiscal year ending September 2024 represents a 10.7% increase year-over-year.
SGPYY's shares have gained 50.3% over the past nine months to close the last trading session at $58.96.
SGPYY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
SGPYY has an A grade for Quality and a B in Stability and Growth. It is ranked #2 out of 21 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry.  
<a href="https://stocknews.com/stock/SGPYY/">Click here</a> to see the additional POWR Ratings for SGPYY (Momentum, Value, and Sentiment).
F5, Inc. (<a href="https://stocknews.com/stock/FFIV/">FFIV</a>)
FFIV provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.
FFIV's trailing-12-month levered FCF margin of 21.23% is 145.5% higher than the industry average of 8.65%. Its trailing-12-month gross profit margin of 78.91% is 60.6% higher than the industry average of 49.14%.
For the fiscal fourth quarter that ended September 30, 2023, FFIV's total revenue increased 1% year-over-year to $706.97 million. Its gross profit rose 2.4% over the prior-year quarter to $566.01 million. Additionally, the company's net income and net income per share increased 70.3% and 71.1% from the year-ago quarter to $152.13 million and $2.55, respectively.
Street expects revenue for the fiscal first quarter ending December 2023 to be $685.66 million. Its EPS is expected to grow 23% year-over-year to $3.04 for the same quarter. It surpassed EPS estimates in each of four trailing quarters, which is impressive.
Shares of FFIV has gained 15.3% over the past three months to close the last trading session at $177.41.
FFIV's POWR Ratings reflect its positive outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Quality and a B in Value. The stock is ranked #3 out of 43 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
Beyond what is stated above, we've also rated for Stability, Sentiment, Growth, and Momentum. Get all FFIV ratings <a href="https://stocknews.com/stock/FFIV/">here</a>.
American Software, Inc. (<a href="https://stocknews.com/stock/AMSWA/">AMSWA</a>)
AMSWA develops, markets, and supports computer business application software products internationally. The company operates through Supply Chain Management (SCM); Information Technology Consulting (IT Consulting); and Other segments. It offers network optimization, integrated business planning, IT staffing, consulting services, etc.
On December 20, 2023, AMSWA's wholly-owned subsidiary, Logility, Inc., announced new functionality to its cloud-based (SaaS) Logility Digital Supply Chain Platform. New features leverage artificial intelligence (AI), machine learning (ML), and automation to continuously sense, analyze, and update activity in your digital supply chains. The release also deepens inventory, manufacturing, and ESG capabilities within the Logility platform.
AMSWA's trailing-12-month gross profit margin of 59.15% is 20.4% higher than the 49.14% industry average. Its trailing-12-month levered FCF margin of 13.57% is 56.9% higher than the 8.65% industry average.
For the fiscal 2024 second quarter ended October 31, 2023, AMSWA reported total revenues of $25.69 million. Recurring revenue streams for Maintenance and Cloud Subscriptions and Maintenance revenues were $21.50 million and $8.10 million, respectively. Its adjusted EBITDA from continuing operations came in at $4.09 million. In addition, the company's net earnings rose 12.3% year-over-year to $2.36 million.
Analysts expect AMSWA's revenue to be $24.51 million for the quarter ending January 2024. Its EPS is expected to be $0.08 for the same quarter. Moreover, it has surpassed EPS estimates in three of four trailing quarters.
The stock gained 11% over the past month to close the last trading session at $11.57.
AMSWA's robust prospects are reflected in its POWR Ratings. The stock has an overall B rating, equating to a Buy in our proprietary rating system.
The stock has a B grade for Value and Sentiment. It is ranked #42 in the 133-stock in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
To access AMSWA's additional ratings for Growth, Quality, Stability, and Momentum, Click <a href="https://stocknews.com/stock/AMSWA/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
SGPYY shares were trading at $60.00 per share on Thursday afternoon, up $1.04 (+1.76%). Year-to-date, SGPYY has gained 1.05%, versus a -0.44% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/sgpyy-ffiv-amswa-3-software-stocks-investors-are-buying-in-2024/>3 Software Stocks Investors Are Buying in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Software Stocks Investors Are Buying in 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When the topic of <a href="https://investorplace.com/industries/technology/">tech stocks</a> comes up, chances are, you&rsquo;re not really thinking about any underlying dividends. Instead, the top innovators generally tend to be capital-gains-oriented investments. Usually, that&rsquo;s by design. Companies like Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) and Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) need to constantly reinvest their earnings into the business for future advancements or expansions.



Still, not all tech stocks abide by the principle of growth at all costs. Many choose to reward their shareholders with passive income. Both sides have their pros and cons. That said, during a time when innovators already enjoyed explosive growth in the prior year, it may be better to focus on consistently profitable entities that provide dividends.



In other words, it could make sense to rotate into risk-mitigated investments while still being exposed to top-tier technical advancements. On that note, below are tech stocks to buy for passive income.



<h2>NXP Semiconductors (NXPI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nxpi-stock-1-300x169.jpg" alt="A sign on a brick well for NXP Semiconductor. NXPI stock."><div>Source: Lukassek / Shutterstock.com</div></div>


A Dutch semiconductor designer and manufacturer, NXP Semiconductors (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxpi-stock-quote/">NXPI</a>) specializes in processors and microcontrollers used in various connected systems. These products cover applications used in various industries, including automotive, consumer electronics and automation. For investors, the beauty of NXPI is that it performed decently well in the past year but it still lags the broader tech index.



From a contrarian standpoint, that makes NXPI one of the tech stocks to buy for passive income. For those seeking capital gains, the global microcontroller market <a href="https://www.grandviewresearch.com/industry-analysis/microcontroller-market#:~:text=The%20global%20microcontroller%20market%20is,USD%2047.16%20billion%20by%202030.">reached a valuation of $32.37 billion last year</a>. Experts project that the segment may expand at a compound annual growth rate (CAGR) of 11.6% by 2030. If so, the growth will culminate in sector revenue of $69.87 billion.



And that&rsquo;s just one area of NXP&rsquo;s business. On the passive income front, the company offers a <a href="https://www.dividend.com/stocks/technology/semiconductors/semiconductor-devices/nxpi-nxp-semiconductors-nv/">forward yield of 1.85%</a>. While not overwhelmingly generous, the payout ratio sits at 25.27%, implying little concern about yield sustainability. Thus, it&rsquo;s one of the tech stocks to buy for passive income.



<h2>Taiwan Semiconductor (TSM)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/tsmc1600-2-300x169.png" alt="Taiwan Semiconductor, TSMC (TSM) on phone screen stock image."><div>Source: sdx15 / Shutterstock.com</div></div>


A multinational semiconductor contract manufacturing and design company, Taiwan Semiconductor (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>) plays a critical role in the global computer chip value chain. <a href="https://www.google.com/finance/quote/TSM:NYSE?hl=en">Per its public profile</a>, TSMC represents the world&rsquo;s largest dedicated independent semiconductor foundry. If you want to know why geopolitical news in the surrounding region is such a hot topic, just look at TSM. It&rsquo;s one of the tech stocks that if it goes down, it could take down the world economy.



Of course, there&rsquo;s a much more positive, encouraging reason to consider TSMC: a viable candidate for tech stocks to buy for passive income. First, the company fabricates chips for leading-edge technology companies that have become household names. Second, the global semiconductor foundry business <a href="https://www.prnewswire.com/news-releases/semiconductor-foundry-market-to-reach-231-5-billion-globally-by-2032-at-8-1-cagr-allied-market-research-301950556.html">can expand at a respectable 8.1% CAGR</a> to hit $231.5 billion by 2032. You certainly don&rsquo;t want to ignore this super-relevant enterprise.



Currently, the company offers a <a href="https://www.dividend.com/stocks/technology/semiconductors/semiconductor-manufacturing/tsm-taiwan-semiconductor/">forward dividend yield of 1.92%</a>. Again, it&rsquo;s not the most generous deal out there. However, the payout ratio sits at 28.97%. With a strong earnings report in hand, TSM is worth consideration among tech stocks.



<h2>Qualcomm (QCOM)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/qcom-stock-9-300x169.jpg" alt="Qualcomm (QCOM) logo on an outdoor sign"><div>Source: Akshdeep Kaur Raked / Shutterstock.com</div></div>


A top-tier innovator primarily in the wireless communications ecosystem, Qualcomm (NASDAQ:<a href="https://investorplace.com/stock-quotes/qcom-stock-quote/">QCOM</a>) creates <a href="https://www.qualcomm.com">various sector-related semiconductors</a>, software, and services. It owns patents that cover a broad range of mobile communications standards. Over the past one-year period, it has performed decently well. However, it&rsquo;s really come alive in late October. Better yet, it&rsquo;s been carrying the momentum into 2024.



Fundamentally, the beauty of Qualcomm is that it enjoys multiple avenues to explore. Further, each one of these avenues offers tremendous growth. For example, the global 5G services market size <a href="https://www.grandviewresearch.com/industry-analysis/5g-services-market">reached a valuation of $84.31 billion last year</a>. And experts project that the segment could see expansion to the tune of a 59.4% CAGR. If so, we&rsquo;re talking about sector revenue of over $2.2 trillion by 2030.



Regarding dividends, Qualcomm carries a <a href="https://www.dividend.com/stocks/technology/semiconductors/semiconductor-devices/qcom-qualcomm-inc/">forward yield of 2.09%</a>. That&rsquo;s notably better than the tech sector&rsquo;s average yield of 1.37%. What&rsquo;s more, the payout ratio sits at just under 30%, a very sustainable figure. Therefore, it&rsquo;s one of the tech stocks to buy for passive income.



<h2>Benchmark Electronics (BHE)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/shutterstock_1926453779-300x169.png" alt="top Tech stocks to watch : Double exposure of man's hands holding and using a phone and financial graph drawing. tech stocks"><div>Source: Peshkova / Shutterstock</div></div>


Based in Tempe, Arizona, Benchmark Electronics (NYSE:<a href="https://investorplace.com/stock-quotes/bhe-stock-quote/">BHE</a>) provides contract manufacturing services for various electronic devices and systems. These services cover multiple sectors and applications, including aerospace, medical, communications and complex industrials. It&rsquo;s a quiet enterprise, posting a rather unimpressive performance in 2023 if we&rsquo;re being perfectly honest. Still, rising relevancies could make BHE one of the tech stocks to buy for passive income.



Benchmark falls under the electronics manufacturing services (EMS) industry. That&rsquo;s significant because the segment <a href="https://www.mordorintelligence.com/industry-reports/electronics-manufacturing-services-market">may reach a valuation of $580.52 billion by year&rsquo;s end</a>. Further, experts believe the space could reach $773.22 billion by 2029. If so, that would translate to a CAGR of 5.9%. It may be a slower growth segment of the wider tech ecosystem. Still, its importance should keep the lights on at Benchmark.



Plus, patient investors can benefit from the forward dividend yield of 2.48%. Enticingly, the payout ratio sits at 21.78%, providing investors with confidence regarding yield sustainability. Also, Lake Street sees BHE as a &ldquo;buy&rdquo; with a <a href="https://www.tipranks.com/stocks/bhe/forecast">$29 price target</a>.



<h2>Hewlett Packard Enterprise (HPE)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/hpe-stock-1-300x169.jpg" alt="Image of the Hewlett Packard Enterprise's building"><div>Source: zakiahza / Shutterstock.com</div></div>


Moving over to the higher-risk, higher-(passive)-reward segment of tech stocks, Hewlett Packard Enterprise (NYSE:<a href="https://investorplace.com/stock-quotes/hpe-stock-quote/">HPE</a>) is a multinational information technology (<a href="https://investorplace.com/stock-quotes/it-stock-quote/">IT</a>) company. Based in Spring, Texas, Hewlett Packard focuses on servers, storage, networking, containerization software and consulting and support. As with Benchmark above, HPE&rsquo;s 52-week performance is &ndash; to put it diplomatically &ndash; unremarkable. Still, it could potentially deliver the goods this year.



With the usual suspects hogging up the spotlight, HPE sits in the background. That makes it an intriguing contrarian play. More importantly, the global data center market &ndash; which HPE addresses via its servers &ndash; <a href="https://www.grandviewresearch.com/industry-analysis/data-center-market-report">reached a valuation of $194.81 billion in 2022</a>. Experts anticipate that the sector could expand at a CAGR of 10.9% from 2023 to 2030. If so, we&rsquo;re talking about sector revenue of $437.33 billion.



In terms of dividends, Hewlett Packard offers a <a href="https://www.dividend.com/stocks/technology/hardware/computer-hardware-storage/hpe-hewlett-packard-enterprise-company/">forward yield of 3.35%</a>. Not only is that generous, the payout ratio sits at 24.46%, providing investors with confidence. Thus, it&rsquo;s an intriguing idea for tech stocks to buy for passive income.



<h2>American Software (AMSWA)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/amswa-stock-300x169.jpg" alt="Man in a server room holding a laptop"><div>Source: Gorodenkoff / Shutterstock.com</div></div>


In a business world that has seemingly gone extremist in the use of word salad, I really appreciate American Software (NASDAQ:<a href="https://investorplace.com/stock-quotes/amswa-stock-quote/">AMSWA</a>). Unlike other companies that almost appear to be in the business of confusing investors and analysts alike, American Software is direct and to the point: it provides &ldquo;demand-driven supply chain management and enterprise software solutions backed by more than 45 years of industry experience.&rdquo; Boom! No more explanation necessary.



Let&rsquo;s look at this matter objectively. According to Grand View Research, the global supply chain management (<a href="https://investorplace.com/stock-quotes/scm-stock-quote/">SCM</a>) market size <a href="https://www.grandviewresearch.com/industry-analysis/supply-chain-management-market-report">reached a value of $21.13 billion in 2022</a>. Further, experts anticipate that the segment could expand at a CAGR of 11.1% from 2023 to 2030. At the culmination point, total industry revenue should reach around $48.59 billion. Undergirding demand is a broader realization of the benefits of SCM protocols.



Turning to the dividends, American Software offers a <a href="https://www.dividend.com/stocks/technology/software/application-software/amswa-american-software/">forward yield of 3.7%</a>. To be fair, the payout ratio is elevated at 78.97%. However, the company benefits from <a href="https://www.gurufocus.com/stock/AMSWA/summary?search=amswa">consistent profitability</a>. As well, analysts peg shares a <a href="https://www.tipranks.com/stocks/amswa/forecast">unanimous strong buy</a> with a $16 average price target. That all makes for a compelling case for tech stocks to buy for passive income.



<h2>Information Services (III)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/techstocks1600-300x169.png" alt="Close up of phone with creative forex chart on blue background. Trade, finance, technology and communication concept. 3D Rendering. Tech Stocks to Buy Before the Bull Market Returns. Tech Stocks to buy"><div>Source: Golden Dayz / Shutterstock.com</div></div>


Moving from clear descriptions to more opaque verbiage, Information Services (NASDAQ:<a href="https://investorplace.com/stock-quotes/iii-stock-quote/">III</a>) bills itself as a leading global technology research and advisory firm. Its website then goes on to talk about clients, vision, rapid changes, and digital investments among other buzzwords. Digging into the thick foliage of word salad, it seems Information Services is in the business of providing information technology (<a href="https://investorplace.com/stock-quotes/it-stock-quote/">IT</a>) consulting and business process outsourcing (BPO) services.



Okay, so, III makes a compelling play for both tech stocks to buy for passive income and capital gains. According to Grand View Research, the global BPO market <a href="https://www.grandviewresearch.com/industry-analysis/business-process-outsourcing-bpo-market">reached a valuation of $261.9 billion in 2022</a>. Experts anticipate that the sector could expand at a CAGR of 9.4% from 2023 to 2030. At the end of the forecast, total industry revenue could be $525.2 billion.



Enticingly, III features a market capitalization of only $219 million. In theory, blue skies lie waiting.



Looking at the dividend front, the company carries a <a href="https://www.dividend.com/stocks/consumer-discretionary/commercial-services/professional-services/iii-information-services-group-inc/">forward yield of 4.02%</a>. Further, the payout ratio is quite reasonable at 40%. Adding to the tempting profile, III <a href="https://www.gurufocus.com/stock/III/summary?search=iii">trades at only 8.94X forward earnings</a>, lower than the sector median 24X.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/01/7-tech-stocks-that-also-bring-in-attractive-passive-income/">7 Tech Stocks That Also Bring in Attractive Passive Income</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Tech Stocks That Also Bring in Attractive Passive Income

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