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.
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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.
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