American Software, Inc. (AMSWA) To Go Ex-Dividend on November 15th

American Software, Inc. (NASDAQ:AMSWA) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.11 per share by the software maker on Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, November 15th.

American Software has a payout ratio of 110.0% 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 $0.19 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 231.6%.

American Software Stock Down 0.5 %

AMSWA stock opened at $10.26 on Friday. The company has a 50-day simple moving average of $9.69 and a 200 day simple moving average of $10.39. The company has a market capitalization of $341.46 million, a P/E ratio of 30.18 and a beta of 0.71. American Software has a fifty-two week low of $8.41 and a fifty-two week high of $12.58.

American Software (NASDAQ:AMSWA) last announced its earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $26.19 million for the quarter, compared to analysts’ expectations of $24.89 million. American Software had a return on equity of 8.90% and a net margin of 10.75%. During the same quarter in the previous year, the company earned $0.08 earnings per share. Equities analysts anticipate that American Software will post 0.17 EPS for the current year.

Insider Buying and Selling at American Software

In other news, Director Matthew G. Mckenna bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $42,650.00. Following the acquisition, the director now directly owns 37,350 shares of the company’s stock, valued at approximately $318,595.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other American Software news, Director James B. Miller, Jr. purchased 3,718 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was bought at an average cost of $9.15 per share, for a total transaction of $34,019.70. Following the completion of the acquisition, the director now directly owns 719 shares in the company, valued at $6,578.85. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew G. Mckenna acquired 5,000 shares of American Software stock in a transaction dated Wednesday, June 26th. The stock was acquired at an average cost of $8.53 per share, with a total value of $42,650.00. Following the completion of the transaction, the director now directly owns 37,350 shares of the company’s stock, valued at approximately $318,595.50. The disclosure for this purchase can be found here. Corporate insiders own 11.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Maxim Group increased their price objective on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday. B. Riley dropped their price objective on shares of American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, June 7th.

American Software Company Profile

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.