American Software, Inc. (NASDAQ:AMSWA) declared a quarterly dividend on Wednesday, February 17th, Zacks reports. Shareholders of record on Friday, May 7th will be given a dividend of 0.11 per share by the software maker on Friday, May 21st. This represents a $0.44 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, May 6th.
American Software has a dividend payout ratio of 157.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Software to earn $0.22 per share next year, which means the company may not be able to cover its $0.44 annual dividend with an expected future payout ratio of 200.0%.
Shares of AMSWA opened at $20.69 on Tuesday. American Software has a 52-week low of $13.25 and a 52-week high of $21.92. The company has a 50-day simple moving average of $20.69 and a 200-day simple moving average of $18.59. The company has a market capitalization of $676.73 million, a PE ratio of 103.46 and a beta of 0.51.
In other news, insider Bryan L. Sell sold 7,000 shares of American Software stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $21.10, for a total transaction of $147,700.00. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at $42,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vincent C. Klinges sold 3,647 shares of the stock in a transaction that occurred on Thursday, March 25th. The stock was sold at an average price of $20.60, for a total value of $75,128.20. Following the completion of the transaction, the chief financial officer now directly owns 100,485 shares of the company’s stock, valued at $2,069,991. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,089 shares of company stock valued at $737,735. 9.11% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on AMSWA shares. Sidoti cut shares of American Software from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research note on Wednesday, February 10th. B. Riley boosted their target price on shares of American Software from $21.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, February 18th. Finally, Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a research report on Tuesday, March 2nd.
American Software Company Profile
American Software, Inc develops, markets, and supports a range of computer business application software products and services in the United States and internationally. It operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers supply chain optimization and retail planning solutions, including sales and operations planning, demand optimization, inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization to streamline and optimize the forecasting, inventory, production, supply, allocation, distribution, and management of products between trading partners.
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