Renaissance Technologies LLC Raises Position in American Software, Inc. (AMSWA)

Renaissance Technologies LLC boosted its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,050,700 shares of the software maker’s stock after buying an additional 92,500 shares during the quarter. Renaissance Technologies LLC owned approximately 6.90% of American Software worth $21,102,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMSWA. Bank of New York Mellon Corp increased its holdings in American Software by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 508,010 shares of the software maker’s stock valued at $5,221,000 after buying an additional 42,072 shares during the period. Parametric Portfolio Associates LLC increased its holdings in American Software by 5.5% during the first quarter. Parametric Portfolio Associates LLC now owns 39,545 shares of the software maker’s stock valued at $407,000 after buying an additional 2,078 shares during the period. Trexquant Investment LP purchased a new position in American Software during the first quarter valued at approximately $181,000. Oxford Asset Management purchased a new position in American Software during the first quarter valued at approximately $378,000. Finally, Prudential Financial Inc. increased its holdings in American Software by 9.6% during the first quarter. Prudential Financial Inc. now owns 17,111 shares of the software maker’s stock valued at $176,000 after buying an additional 1,500 shares during the period. 74.71% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Renaissance Technologies LLC Raises Position in American Software, Inc. (AMSWA)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/12/renaissance-technologies-llc-raises-position-in-american-software-inc-amswa.html.

Shares of American Software, Inc. (NASDAQ AMSWA) opened at 12.00 on Thursday. The firm has a 50-day moving average of $11.03 and a 200 day moving average of $10.58. American Software, Inc. has a 52 week low of $9.00 and a 52 week high of $12.10. The firm has a market capitalization of $356.72 million, a P/E ratio of 23.12 and a beta of 0.78.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 10th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, November 9th. American Software’s dividend payout ratio is presently 84.62%.

In other news, CFO Vincent C. Klinges sold 20,127 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $11.35, for a total value of $228,441.45. Following the completion of the transaction, the chief financial officer now owns 116,965 shares in the company, valued at approximately $1,327,552.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President H Allan Dow sold 3,282 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $11.05, for a total transaction of $36,266.10. Following the completion of the transaction, the president now owns 3,282 shares of the company’s stock, valued at approximately $36,266.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 230,861 shares of company stock worth $2,550,422. Insiders own 13.89% of the company’s stock.

Several equities research analysts have weighed in on the stock. B. Riley restated a “buy” rating and issued a $12.25 target price on shares of American Software in a research note on Sunday, September 3rd. Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, BidaskClub downgraded shares of American Software from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th.

American Software Profile

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.

Institutional Ownership by Quarter for American Software (NASDAQ:AMSWA)

Receive News & Ratings for American Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply