American Software, Inc. (NASDAQ:AMSWA) insider James R. Mcguone sold 4,023 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $10.45, for a total transaction of $42,040.35. Following the transaction, the insider now owns 3,393 shares of the company’s stock, valued at approximately $35,456.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
American Software, Inc. (NASDAQ:AMSWA) traded down 0.146% during midday trading on Monday, reaching $10.265. 8,995 shares of the company traded hands. The company has a 50-day moving average price of $10.41 and a 200-day moving average price of $10.58. American Software, Inc. has a 12-month low of $8.61 and a 12-month high of $11.94. The company has a market cap of $302.51 million, a price-to-earnings ratio of 39.633 and a beta of 0.73.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a return on equity of 7.21% and a net margin of 6.95%. On average, analysts predict that American Software, Inc. will post $0.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be given a $0.11 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $0.44 annualized dividend and a dividend yield of 4.28%. American Software’s dividend payout ratio is 169.24%.
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Several large investors have recently bought and sold shares of the stock. Brown Capital Management LLC boosted its stake in American Software by 0.4% in the fourth quarter. Brown Capital Management LLC now owns 4,246,871 shares of the company’s stock valued at $43,870,000 after buying an additional 17,390 shares in the last quarter. Renaissance Technologies LLC boosted its stake in American Software by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,912,300 shares of the company’s stock valued at $19,754,000 after buying an additional 80,800 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in American Software by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 863,403 shares of the company’s stock valued at $8,919,000 after buying an additional 33,713 shares in the last quarter. Discovery Group I LLC boosted its stake in American Software by 177.4% in the fourth quarter. Discovery Group I LLC now owns 625,213 shares of the company’s stock valued at $6,458,000 after buying an additional 399,823 shares in the last quarter. Finally, State Street Corp boosted its stake in American Software by 10.9% in the fourth quarter. State Street Corp now owns 482,863 shares of the company’s stock valued at $4,989,000 after buying an additional 47,448 shares in the last quarter. 74.49% of the stock is owned by institutional investors.
AMSWA has been the subject of several recent research reports. B. Riley restated a “buy” rating and set a $12.50 price target on shares of American Software in a research report on Tuesday, November 29th. Zacks Investment Research lowered shares of American Software from a “hold” rating to a “sell” rating in a research report on Monday, December 5th.
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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