A number of other research firms also recently commented on AMSWA. Zacks Investment Research downgraded shares of American Software from a buy rating to a hold rating in a research note on Monday, July 15th. William Blair reaffirmed an outperform rating on shares of American Software in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $13.01.
Shares of NASDAQ AMSWA traded down $0.08 on Wednesday, reaching $13.62. 251 shares of the company traded hands, compared to its average volume of 57,934. American Software has a fifty-two week low of $8.99 and a fifty-two week high of $18.94. The firm’s 50 day moving average is $13.34. The company has a market capitalization of $427.05 million, a PE ratio of 49.07 and a beta of 0.61.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, August 15th. American Software’s dividend payout ratio is currently 157.14%.
In related news, Director J Michael Edenfield sold 8,437 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $13.16, for a total transaction of $111,030.92. Following the completion of the sale, the director now owns 424,160 shares of the company’s stock, valued at approximately $5,581,945.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bryan L. Sell sold 4,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $13.05, for a total transaction of $52,200.00. Following the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $52,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,310 shares of company stock valued at $353,135. Corporate insiders own 11.19% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings in American Software by 107.5% in the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after acquiring an additional 1,075 shares during the period. Bank of Montreal Can boosted its stake in shares of American Software by 206.5% during the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock valued at $46,000 after buying an additional 2,387 shares during the last quarter. Aperio Group LLC purchased a new position in shares of American Software during the 2nd quarter valued at approximately $67,000. BNP Paribas Arbitrage SA boosted its stake in shares of American Software by 2,671.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after buying an additional 5,770 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of American Software by 13.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock valued at $105,000 after buying an additional 946 shares during the last quarter. 77.88% of the stock is owned by hedge funds and other institutional investors.
American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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