American Software, Inc. (NASDAQ:AMSWA) CFO Vincent C. Klinges sold 1,102 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $13.39, for a total transaction of $14,755.78. Following the completion of the sale, the chief financial officer now owns 97,940 shares of the company’s stock, valued at approximately $1,311,416.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of AMSWA stock traded down $0.01 during midday trading on Friday, reaching $13.23. 180,374 shares of the company traded hands, compared to its average volume of 66,930. American Software, Inc. has a 1-year low of $9.00 and a 1-year high of $13.69. The company has a market cap of $402.26, a price-to-earnings ratio of 27.00 and a beta of 0.72.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $27.03 million. equities research analysts expect that American Software, Inc. will post 0.4 earnings per share 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 given a dividend of $0.11 per share. The ex-dividend date is Thursday, May 10th. This represents a $0.44 annualized dividend and a dividend yield of 3.33%. American Software’s dividend payout ratio is currently 89.80%.
AMSWA has been the subject of a number of research reports. BidaskClub upgraded shares of American Software from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. Zacks Investment Research upgraded shares of American Software from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, March 7th. Finally, ValuEngine upgraded shares of American Software from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd.
Several institutional investors have recently modified their holdings of the stock. Ashford Capital Management Inc. raised its position in shares of American Software by 52.0% during the 4th 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 last quarter. Martin & Co. Inc. TN grew its stake in American Software by 3.5% in the 4th quarter. Martin & Co. Inc. TN now owns 175,000 shares of the software maker’s stock worth $2,035,000 after acquiring an additional 5,900 shares during the period. MetLife Investment Advisors LLC purchased a new stake in American Software in the 4th quarter worth approximately $148,000. Municipal Employees Retirement System of Michigan purchased a new stake in American Software in the 4th quarter worth approximately $341,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in American Software in the 4th quarter worth approximately $694,000. Hedge funds and other institutional investors own 74.76% of the company’s stock.
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American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting. The SCM segment provides supply chain management solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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