American Software, Inc. (NASDAQ:AMSWA) CFO Vincent C. Klinges sold 1,102 shares of American Software stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $13.39, for a total value of $14,755.78. Following the transaction, the chief financial officer now owns 97,940 shares in the company, valued at approximately $1,311,416.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of American Software, Inc. (NASDAQ AMSWA) traded up $0.02 on Friday, reaching $12.79. 129,529 shares of the company traded hands, compared to its average volume of 70,790. The stock has a market cap of $388.27, a price-to-earnings ratio of 18.54 and a beta of 0.76. American Software, Inc. has a 12-month low of $9.00 and a 12-month high of $13.69.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The firm had revenue of $30.12 million for the quarter, compared to analyst estimates of $27.03 million. American Software had a net margin of 19.22% and a return on equity of 18.65%. equities analysts predict that American Software, Inc. will post 0.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be issued a $0.11 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.44 annualized dividend and a yield of 3.44%. American Software’s dividend payout ratio (DPR) is currently 63.77%.
Several research firms have recently commented on AMSWA. Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, March 7th. ValuEngine upgraded American Software from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. BidaskClub lowered American Software from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, B. Riley lifted their price target on American Software from $12.25 to $14.00 and gave the stock a “buy” rating in a report on Monday, December 4th.
A number of institutional investors and hedge funds have recently modified their holdings of AMSWA. Ashford Capital Management Inc. increased its stake in American Software by 52.0% during the fourth quarter. Ashford Capital Management Inc. now owns 38,000 shares of the software maker’s stock worth $442,000 after purchasing an additional 13,000 shares during the period. Martin & Co. Inc. TN increased its stake in American Software by 3.5% during the fourth quarter. Martin & Co. Inc. TN now owns 175,000 shares of the software maker’s stock worth $2,035,000 after purchasing an additional 5,900 shares during the period. MetLife Investment Advisors LLC purchased a new stake in American Software during the fourth quarter worth about $148,000. Municipal Employees Retirement System of Michigan purchased a new stake in American Software during the fourth quarter worth about $341,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in American Software during the fourth quarter worth about $694,000. Hedge funds and other institutional investors own 75.43% 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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