American Software, Inc. (NASDAQ:AMSWA) declared a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Shareholders of record on Friday, May 11th will be paid a dividend of 0.11 per share by the software maker on Friday, May 25th. This represents a $0.44 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, May 10th.
American Software (AMSWA) opened at $12.20 on Friday. The firm has a market capitalization of $359.11, a price-to-earnings ratio of 20.68 and a beta of 0.79. American Software has a fifty-two week low of $9.00 and a fifty-two week high of $13.41.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, November 30th. The software maker reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The firm had revenue of $26.34 million during the quarter, compared to analysts’ expectations of $27.10 million. American Software had a return on equity of 17.27% and a net margin of 16.73%. equities research analysts predict that American Software will post 0.28 EPS for the current year.
Several brokerages have weighed in on AMSWA. BidaskClub cut American Software from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, B. Riley lifted their price objective on American Software from $12.25 to $14.00 and gave the company a “buy” rating in a report on Monday, December 4th.
In other news, Director J Michael Edenfield sold 5,153 shares of American Software stock in a transaction on Monday, December 18th. The stock was sold at an average price of $11.84, for a total value of $61,011.52. Following the transaction, the director now owns 420,906 shares in the company, valued at approximately $4,983,527.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas L. V. Newberry sold 11,912 shares of American Software stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $12.01, for a total value of $143,063.12. The disclosure for this sale can be found here. Insiders sold a total of 141,118 shares of company stock valued at $1,675,547 over the last ninety days. Insiders own 13.89% of the company’s stock.
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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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