American Software, Inc. (NASDAQ:AMSWA) CFO Vincent C. Klinges sold 9,863 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $13.39, for a total transaction of $132,065.57. Following the completion of the sale, the chief financial officer now directly owns 106,701 shares in the company, valued at $1,428,726.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of AMSWA stock traded up $0.16 during midday trading on Wednesday, reaching $12.84. 15,743 shares of the company were exchanged, compared to its average volume of 66,705. American Software, Inc. has a 12-month low of $9.00 and a 12-month high of $13.69. The firm has a market cap of $388.58, a PE ratio of 18.38 and a beta of 0.76.
American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.09. American Software had a net margin of 19.22% and a return on equity of 18.65%. The company had revenue of $30.12 million for the quarter, compared to analysts’ expectations of $27.03 million. sell-side analysts anticipate that American Software, Inc. will post 0.4 EPS for the current year.
The firm also recently declared 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 3.43%. American Software’s payout ratio is 63.77%.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMSWA. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of American Software during the third quarter valued at approximately $137,000. Bank of Montreal Can grew its position in shares of American Software by 957.5% during the fourth quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock worth $145,000 after buying an additional 11,270 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of American Software during the fourth quarter worth approximately $148,000. Commonwealth Equity Services Inc acquired a new position in American Software in the third quarter worth $167,000. Finally, Voya Investment Management LLC boosted its holdings in American Software by 10.4% in the second quarter. Voya Investment Management LLC now owns 22,103 shares of the software maker’s stock worth $227,000 after purchasing an additional 2,076 shares during the period. Hedge funds and other institutional investors own 75.38% of the company’s stock.
Several research firms have commented on AMSWA. BidaskClub cut shares of American Software from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. ValuEngine upgraded shares of American Software from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $14.00 price target (up previously from $12.25) on shares of American Software in a report on Tuesday, November 28th.
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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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