TFS Capital LLC acquired a new stake in shares of American Software, Inc. (NASDAQ:AMSWA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,658 shares of the software maker’s stock, valued at approximately $706,000.
Other institutional investors also recently bought and sold shares of the company. Discovery Group I LLC increased its position in American Software by 177.4% in the fourth quarter. Discovery Group I LLC now owns 625,213 shares of the software maker’s stock valued at $6,458,000 after buying an additional 399,823 shares during the last quarter. John G Ullman & Associates Inc. increased its position in American Software by 42.3% in the first quarter. John G Ullman & Associates Inc. now owns 596,125 shares of the software maker’s stock valued at $6,128,000 after buying an additional 177,240 shares during the last quarter. Renaissance Technologies LLC increased its position in American Software by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,912,300 shares of the software maker’s stock valued at $19,754,000 after buying an additional 80,800 shares during the last quarter. State Street Corp increased its position in American Software by 10.9% in the fourth quarter. State Street Corp now owns 482,863 shares of the software maker’s stock valued at $4,989,000 after buying an additional 47,448 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in American Software by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 508,010 shares of the software maker’s stock valued at $5,221,000 after buying an additional 42,072 shares during the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.
American Software, Inc. (NASDAQ:AMSWA) traded up 0.74% during trading on Monday, hitting $10.83. 51,093 shares of the stock traded hands. American Software, Inc. has a 52-week low of $8.73 and a 52-week high of $11.94. The stock has a market cap of $319.16 million, a P/E ratio of 41.81 and a beta of 0.73. The company’s 50 day moving average price is $10.70 and its 200-day moving average price is $10.54.
American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Thursday, February 23rd. The software maker reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. American Software had a net margin of 6.95% and a return on equity of 7.21%. The business had revenue of $26.44 million for the quarter, compared to analyst estimates of $27.80 million. Equities research analysts forecast 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, August 25th. Investors of record on Friday, August 11th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 4.06%. American Software’s dividend payout ratio is presently 169.24%.
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AMSWA has been the topic of several recent analyst reports. Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a report on Wednesday, February 1st. B. Riley reaffirmed a “buy” rating and set a $12.25 price objective on shares of American Software in a report on Sunday, February 26th.
In related news, insider James R. Mcguone sold 4,023 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $10.45, for a total value of $42,040.35. Following the sale, the insider now directly owns 3,393 shares in the company, valued at approximately $35,456.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Michael Edenfield sold 51,795 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $10.28, for a total transaction of $532,452.60. Following the completion of the sale, the director now owns 450,753 shares in the company, valued at $4,633,740.84. The disclosure for this sale can be found here. Insiders sold a total of 145,426 shares of company stock worth $1,491,344 over the last quarter. Insiders own 14.39% of the company’s stock.
American Software Company Profile
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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