American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 8,352 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $10.83, for a total value of $90,452.16. Following the completion of the transaction, the insider now owns 8,352 shares in the company, valued at approximately $90,452.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of American Software, Inc. (NASDAQ AMSWA) traded down 0.46% during midday trading on Thursday, reaching $10.80. 33,880 shares of the company’s stock were exchanged. The stock has a market cap of $321.05 million, a price-to-earnings ratio of 20.81 and a beta of 0.76. American Software, Inc. has a one year low of $9.00 and a one year high of $12.10. The firm has a 50 day moving average of $10.11 and a 200-day moving average of $10.44.
American Software (NASDAQ:AMSWA) last issued its earnings results on Friday, June 23rd. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.13. American Software had a net margin of 14.81% and a return on equity of 15.78%. The company had revenue of $26.27 million for the quarter, compared to analysts’ expectations of $27.72 million. On average, equities research analysts anticipate that American Software, Inc. will post $0.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 10th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, November 9th. American Software’s dividend payout ratio is currently 84.62%.
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Several equities analysts recently commented on the company. Zacks Investment Research upgraded American Software from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub downgraded American Software from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, B. Riley reiterated a “buy” rating and issued a $12.25 price objective on shares of American Software in a research note on Sunday, September 3rd.
Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of American Software during the 1st quarter worth $125,000. Citadel Advisors LLC purchased a new position in shares of American Software during the 2nd quarter worth $133,000. GSA Capital Partners LLP boosted its stake in shares of American Software by 5.4% during the 2nd quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock worth $140,000 after acquiring an additional 700 shares during the last quarter. Smith Asset Management Group LP purchased a new position in shares of American Software during the 2nd quarter worth $142,000. Finally, American International Group Inc. boosted its stake in shares of American Software by 6.9% during the 1st quarter. American International Group Inc. now owns 15,859 shares of the software maker’s stock worth $163,000 after acquiring an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.
About American Software
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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