ROSEVILLE, Calif.--(BUSINESS WIRE)--Dutton Associates continues its coverage of American Software (Nasdaq: AMSWA - News) maintaining a Strong Buy rating and a $8.40 price target. The 10-page report by Dutton senior analyst David P. Soetebier, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.

American Software Inc. is a leading supplier of enterprise management software and services. Through the 88%-owned Logility (NASDAQ: LGTY - News) the Company is a leader in Supply Chain Management (SCM) software. A key strength is the Company’s strong market share position in the growing demand for SCM software. We expect the demand for SCM software to become even more important as major companies increasingly outsource production driving the need to optimally manage their supply chains as the long supply line amplifies mistakes. In addition to its internal strengths, the Company’s strong balance sheet allows it to take advantage of growth opportunities either internally or through acquisitions. Our current estimate for the April 2009 year is now FD EPS of $0.42, (down from earlier estimate of $0.48) on revenue growth of 15% to $104.1 million (down from $111.8 million). In addition to providing investors with longer-term growth potential, the Company currently pays a cash dividend of $0.09 per share per quarter.

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Dutton Associates is one of the largest independent investment research firms in the U.S. Its 30 senior analysts are primarily CFAs and have expertise in many industries. Dutton & Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.