American Software (AMSWA) Reaches New 1-Year High and Low at $13.97

Shares of American Software, Inc. (NASDAQ:AMSWA) hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $13.97 and last traded at $13.71, with a volume of 1014 shares. The stock had previously closed at $13.68.

A number of brokerages have issued reports on AMSWA. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. ValuEngine raised American Software from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, BidaskClub raised American Software from a “sell” rating to a “hold” rating in a report on Friday, March 30th.

The firm has a market capitalization of $409.25 million, a PE ratio of 27.80 and a beta of 0.73.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 17th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 16th. American Software’s dividend payout ratio (DPR) is 89.80%.

In other American Software news, Director J Michael Edenfield sold 13,417 shares of American Software stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $12.87, for a total transaction of $172,676.79. Following the completion of the sale, the director now directly owns 429,170 shares of the company’s stock, valued at approximately $5,523,417.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 87,800 shares of company stock valued at $1,124,440 over the last ninety days. 13.89% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of American Software by 26.4% during the first quarter. Millennium Management LLC now owns 117,331 shares of the software maker’s stock worth $1,525,000 after purchasing an additional 24,542 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of American Software by 35.7% during the first quarter. Guggenheim Capital LLC now owns 78,694 shares of the software maker’s stock worth $1,022,000 after purchasing an additional 20,700 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of American Software by 126.5% during the first quarter. Russell Investments Group Ltd. now owns 9,390 shares of the software maker’s stock worth $122,000 after purchasing an additional 5,244 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Software by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,054,419 shares of the software maker’s stock worth $13,707,000 after purchasing an additional 34,474 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of American Software by 8.1% during the first quarter. California Public Employees Retirement System now owns 79,876 shares of the software maker’s stock worth $1,038,000 after purchasing an additional 5,976 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

About American Software

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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