Cornerstone Capital Management Holdings LLC. lifted its stake in shares of American Software, Inc. (NASDAQ:AMSWA) by 190.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,542 shares of the software maker’s stock after acquiring an additional 36,400 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.19% of American Software worth $570,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of American Software by 4.7% during the second quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock worth $21,102,000 after acquiring an additional 92,500 shares in the last quarter. Geode Capital Management LLC raised its holdings in American Software by 3.4% during the first quarter. Geode Capital Management LLC now owns 220,078 shares of the software maker’s stock valued at $2,262,000 after buying an additional 7,276 shares in the last quarter. Prudential Financial Inc. raised its holdings in American Software by 67.2% during the second quarter. Prudential Financial Inc. now owns 28,611 shares of the software maker’s stock valued at $294,000 after buying an additional 11,500 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Software by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 887,195 shares of the software maker’s stock valued at $9,121,000 after buying an additional 23,792 shares in the last quarter. Finally, Trexquant Investment LP raised its holdings in American Software by 28.6% during the second quarter. Trexquant Investment LP now owns 22,700 shares of the software maker’s stock valued at $234,000 after buying an additional 5,052 shares in the last quarter. 75.42% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Vincent C. Klinges sold 7,185 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $11.14, for a total value of $80,040.90. Following the completion of the transaction, the chief financial officer now directly owns 42,185 shares of the company’s stock, valued at approximately $469,940.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President H Allan Dow sold 5,995 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $11.01, for a total transaction of $66,004.95. Following the completion of the transaction, the president now directly owns 5,995 shares of the company’s stock, valued at $66,004.95. The disclosure for this sale can be found here. Insiders sold a total of 230,861 shares of company stock valued at $2,550,422 in the last 90 days. 13.89% of the stock is currently owned by corporate insiders.
Shares of American Software, Inc. (NASDAQ:AMSWA) traded down $0.02 on Friday, hitting $11.91. The stock had a trading volume of 39,100 shares, compared to its average volume of 68,250. The firm has a market cap of $354.64, a P/E ratio of 22.94 and a beta of 0.81. American Software, Inc. has a fifty-two week low of $9.00 and a fifty-two week high of $12.54.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 10th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, November 9th. American Software’s dividend payout ratio (DPR) is presently 84.62%.
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A number of equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating and issued a $12.25 price objective on shares of American Software in a research note on Sunday, September 3rd. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded American Software from a “sell” rating to a “strong sell” rating in a report 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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