iStock.com/ipopba American Software, Inc. Looks Even Stronger in 2020
American Software, Inc. (NASDAQ:AMSWA) has been having a great year, with the AMSWA stock price being up more than 10% year-over-year and up 50% year-to-date. And its future looks even brighter.
American Software has successfully transitioned into a cloud-based company, recently reporting strong revenue growth in key areas, welcoming a number of new customers, and expanding its relationships with existing customers.
That’s just the kind of sentiment to drive American Software stock high.
AMSWA Stock Overview
American Software, Inc. develops and markets supply chain management and enterprise software solutions.
The Atlanta-based company operates three business segments: “Supply Chain Management,” “Enterprise Resource Planning,” and “Information Technology (IT) Consulting.” (Source: “Form 10-K,” American Software, Inc., last accessed September 11, 2019.)
The company’s Supply Chain Management segment provides, as its name implies, supply chain optimization and retail planning solutions to medium and large companies, including Fortune 500 companies.
The Enterprise Resource Planning division involves customer order processing, e-commerce solutions, financial services, and purchasing and materials management.
The IT Consulting segment provides consulting, customer education, documentation, maintenance, software enhancements, support services, and updates.
American Software, Inc.’s customers include big names like Sonoco LP (NYSE:SUN), Verizon Communications Inc. (NYSE:VZ), and Nestle SA (OTCMKTS:NSRGY, SWX:NESN).
AMSWA Stock Information Market Cap $501.5 Million 52-Week High $16.06 52-Week Low $8.99 Shares Outstanding 29.5 Million Float 26.9 Million 50-Day Moving Average $13.98 200-Day Moving Average $13.09
(Source: “American Software, Inc. (AMSWA),” Yahoo! Finance, last accessed September 11, 2019.)
American Software stock has been on a solid trajectory all year. It entered 2019 trading at $10.03, and on August 30 it hit a new 52-week high of $16.06, for a year-to-date gain of 60%.
The surge in AMSWA stock was fueled by solid first-quarter financial results and a strong outlook. In hitting a