American Software, Inc. (NASDAQ:AMSWA) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Friday, February 9th will be given a dividend of 0.11 per share by the software maker on Friday, February 23rd. This represents a $0.44 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, February 8th.
Shares of American Software (NASDAQ AMSWA) opened at $12.38 on Friday. The firm has a market cap of $381.72, a PE ratio of 21.46 and a beta of 0.79. American Software has a 12 month low of $9.00 and a 12 month high of $13.41.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, November 30th. The software maker reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. American Software had a net margin of 16.73% and a return on equity of 17.27%. The company had revenue of $26.34 million for the quarter, compared to analyst estimates of $27.10 million. research analysts expect that American Software will post 0.28 earnings per share for the current fiscal year.
A number of research analysts recently commented on AMSWA shares. B. Riley raised their price objective on shares of American Software from $12.25 to $14.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research lowered shares of American Software from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub lowered shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.
In related news, insider James C. Edenfield sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $11.71, for a total value of $175,650.00. Following the completion of the transaction, the insider now owns 75,000 shares of the company’s stock, valued at approximately $878,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James C. Edenfield sold 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $11.88, for a total transaction of $86,724.00. Following the completion of the transaction, the insider now directly owns 67,300 shares of the company’s stock, valued at approximately $799,524. The disclosure for this sale can be found here. Insiders have sold 141,118 shares of company stock valued at $1,675,547 over the last 90 days. 13.89% of the stock is currently owned by insiders.
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American Software Company 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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