Short Interest in American Software, Inc. (NASDAQ:AMSWA) Grows By 11.5%

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American Software, Inc. (NASDAQ:AMSWA) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 580,600 shares, an increase of 11.5% from the May 30th total of 520,600 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 73,000 shares, the days-to-cover ratio is presently 8.0 days.

AMSWA stock opened at $13.34 on Tuesday. American Software has a 52 week low of $8.99 and a 52 week high of $18.94. The company has a market cap of $415.51 million, a P/E ratio of 47.64 and a beta of 0.63. The stock’s 50-day moving average is $13.45.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Wednesday, June 19th. The software maker reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. American Software had a net margin of 6.26% and a return on equity of 7.73%. The company had revenue of $26.27 million for the quarter, compared to the consensus estimate of $28.18 million. As a group, sell-side analysts predict that American Software will post 0.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.30%. American Software’s dividend payout ratio (DPR) is 157.14%.

A number of analysts have commented on AMSWA shares. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. ValuEngine upgraded shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research report on Monday. Finally, William Blair restated an “outperform” rating on shares of American Software in a research report on Thursday, June 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. American Software currently has a consensus rating of “Hold” and a consensus target price of $13.01.

In other American Software news, Director J Michael Edenfield sold 3,853 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $13.22, for a total transaction of $50,936.66. Following the sale, the director now directly owns 419,576 shares in the company, valued at approximately $5,546,794.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan L. Sell sold 4,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $13.05, for a total transaction of $52,200.00. Following the sale, the insider now owns 4,000 shares in the company, valued at $52,200. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,310 shares of company stock worth $353,135. 11.24% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of American Software by 107.5% in the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of American Software by 2,671.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock worth $72,000 after purchasing an additional 5,770 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of American Software by 413.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,280 shares of the software maker’s stock worth $97,000 after purchasing an additional 7,474 shares in the last quarter. Millennium Management LLC bought a new stake in shares of American Software in the 4th quarter worth approximately $117,000. Finally, Marshall Wace LLP bought a new stake in shares of American Software in the 1st quarter worth approximately $156,000. Institutional investors and hedge funds own 79.21% 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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