Insider Selling: American Software, Inc. (NASDAQ:AMSWA) Insider Sells 4,008 Shares of Stock

American Software, Inc. (NASDAQ:AMSWA) insider James R. Mcguone sold 4,008 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $15.00, for a total transaction of $60,120.00. Following the sale, the insider now owns 4,008 shares in the company, valued at approximately $60,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of AMSWA stock traded up $0.14 during trading hours on Tuesday, hitting $15.13. 36,427 shares of the company’s stock were exchanged, compared to its average volume of 73,765. American Software, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $16.06. The firm has a market cap of $469.00 million, a P/E ratio of 54.04 and a beta of 0.55. The firm has a 50 day moving average of $14.03 and a two-hundred day moving average of $13.09.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. American Software had a return on equity of 7.57% and a net margin of 6.04%. The company had revenue of $27.38 million for the quarter, compared to analysts’ expectations of $27.49 million. On average, equities analysts predict that American Software, Inc. will post 0.24 earnings per share for the current year.



The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.91%. American Software’s payout ratio is currently 157.14%.

A number of research analysts have weighed in on AMSWA shares. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded American Software from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 26th. B. Riley upgraded American Software from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.00 to $17.00 in a research note on Thursday, August 29th. William Blair restated an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. Finally, Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.68.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cloverdale Capital Management LLC boosted its stake in shares of American Software by 54.7% in the second quarter. Cloverdale Capital Management LLC now owns 1,079,966 shares of the software maker’s stock worth $14,202,000 after acquiring an additional 381,849 shares during the last quarter. Martingale Asset Management L P increased its position in shares of American Software by 200.4% during the first quarter. Martingale Asset Management L P now owns 175,415 shares of the software maker’s stock worth $2,097,000 after purchasing an additional 117,015 shares in the last quarter. Vanguard Group Inc. raised its stake in American Software by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,442,535 shares of the software maker’s stock valued at $18,969,000 after purchasing an additional 115,149 shares during the last quarter. Wells Fargo & Company MN raised its stake in American Software by 42.5% in the 2nd quarter. Wells Fargo & Company MN now owns 295,164 shares of the software maker’s stock valued at $3,882,000 after purchasing an additional 88,054 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in American Software in the 1st quarter valued at $909,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

About American Software

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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Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

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