Investors Asset Management of Georgia Inc. GA ADV Acquires 3,900 Shares of American Software, Inc. (NASDAQ:AMSWA)

Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 2.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 159,089 shares of the software maker’s stock after purchasing an additional 3,900 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in American Software were worth $1,780,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Mackenzie Financial Corp increased its stake in American Software by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 18,379 shares of the software maker’s stock worth $168,000 after purchasing an additional 1,633 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of American Software by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,651 shares of the software maker’s stock valued at $397,000 after purchasing an additional 1,976 shares during the last quarter. Connors Investor Services Inc. raised its holdings in shares of American Software by 10.0% in the second quarter. Connors Investor Services Inc. now owns 22,000 shares of the software maker’s stock valued at $201,000 after purchasing an additional 2,000 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of American Software by 15.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock valued at $211,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of American Software by 121.5% in the second quarter. Quarry LP now owns 4,813 shares of the software maker’s stock valued at $44,000 after purchasing an additional 2,640 shares during the last quarter. 76.98% of the stock is owned by institutional investors.

American Software Stock Down 2.1 %

Shares of NASDAQ:AMSWA traded down $0.24 during midday trading on Friday, hitting $10.95. The stock had a trading volume of 121,400 shares, compared to its average volume of 220,269. American Software, Inc. has a 12 month low of $8.41 and a 12 month high of $12.27. The business’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.31. The company has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76.

American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The business had revenue of $26.19 million during the quarter, compared to analysts’ expectations of $24.89 million. During the same period last year, the business earned $0.08 earnings per share. As a group, equities analysts predict that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 4.02%. American Software’s dividend payout ratio is presently 129.41%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of American Software in a report on Friday. They issued a “buy” rating on the stock. Maxim Group lifted their price objective on shares of American Software from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

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 two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.