American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 14,908 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $10.29, for a total value of $153,403.32. Following the completion of the sale, the director now owns 14,908 shares in the company, valued at $153,403.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
J Michael Edenfield also recently made the following trade(s):
- On Thursday, March 16th, J Michael Edenfield sold 15,092 shares of American Software stock. The shares were sold at an average price of $10.39, for a total value of $156,805.88.
American Software, Inc. (NASDAQ:AMSWA) traded down 1.46% during midday trading on Monday, reaching $10.13. The company had a trading volume of 64,411 shares. American Software, Inc. has a one year low of $8.61 and a one year high of $11.94. The stock’s 50 day moving average is $10.41 and its 200 day moving average is $10.58. The company has a market capitalization of $298.53 million, a PE ratio of 39.11 and a beta of 0.73.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. American Software had a net margin of 6.95% and a return on equity of 7.21%. Equities research analysts forecast that American Software, Inc. will post $0.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 10th. This represents a $0.44 annualized dividend and a yield of 4.34%. American Software’s dividend payout ratio (DPR) is presently 169.24%.
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Large investors have recently modified their holdings of the company. Brown Capital Management LLC increased its stake in shares of American Software by 0.4% in the fourth quarter. Brown Capital Management LLC now owns 4,246,871 shares of the company’s stock valued at $43,870,000 after buying an additional 17,390 shares during the period. Renaissance Technologies LLC increased its stake in American Software by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,912,300 shares of the company’s stock worth $19,754,000 after buying an additional 80,800 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in American Software by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 863,403 shares of the company’s stock worth $8,919,000 after buying an additional 33,713 shares during the last quarter. Discovery Group I LLC increased its stake in American Software by 177.4% in the fourth quarter. Discovery Group I LLC now owns 625,213 shares of the company’s stock worth $6,458,000 after buying an additional 399,823 shares during the last quarter. Finally, State Street Corp increased its stake in American Software by 10.9% in the fourth quarter. State Street Corp now owns 482,863 shares of the company’s stock worth $4,989,000 after buying an additional 47,448 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.
A number of equities research analysts recently commented on the company. B. Riley restated a “buy” rating and set a $12.00 price target on shares of American Software in a research report on Tuesday, February 21st. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a research report on Monday, December 5th.
About American Software
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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