American Software, Inc. (AMSWA) Insider Sells $217,094.00 in Stock

American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 19,700 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $11.02, for a total value of $217,094.00. Following the completion of the sale, the insider now directly owns 34,334 shares of the company’s stock, valued at $378,360.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Software, Inc. (AMSWA) opened at 10.60 on Friday. American Software, Inc. has a 52 week low of $9.00 and a 52 week high of $12.10. The firm has a 50-day moving average price of $10.05 and a 200-day moving average price of $10.44. The firm has a market capitalization of $315.11 million, a P/E ratio of 20.42 and a beta of 0.76.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Friday, June 23rd. The software maker reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.13. The business had revenue of $26.27 million during the quarter, compared to analyst estimates of $27.72 million. American Software had a net margin of 14.81% and a return on equity of 15.78%. Equities analysts forecast that American Software, Inc. will post $0.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 10th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, November 9th. American Software’s dividend payout ratio (DPR) is presently 84.62%.

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A number of large investors have recently bought and sold shares of the stock. Martin & Co. Inc. TN raised its position in American Software by 65.3% in the second quarter. Martin & Co. Inc. TN now owns 182,540 shares of the software maker’s stock worth $1,878,000 after purchasing an additional 72,105 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in American Software by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 23,993 shares of the software maker’s stock worth $247,000 after purchasing an additional 1,685 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in American Software by 178.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 80,138 shares of the software maker’s stock worth $825,000 after purchasing an additional 51,400 shares in the last quarter. State Street Corp raised its position in American Software by 12.7% in the second quarter. State Street Corp now owns 583,043 shares of the software maker’s stock worth $5,997,000 after purchasing an additional 65,833 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in American Software by 190.2% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 55,542 shares of the software maker’s stock worth $570,000 after purchasing an additional 36,400 shares in the last quarter. 74.71% of the stock is owned by hedge funds and other institutional investors.

AMSWA has been the subject of several research analyst reports. B. Riley set a $12.00 price objective on American Software and gave the company a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, BidaskClub lowered American Software from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.

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.

Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

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