News headlines about American Software (NASDAQ:AMSWA) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Software earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.5181731133281 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
American Software (NASDAQ:AMSWA) traded down $0.09 during midday trading on Tuesday, hitting $11.82. 63,000 shares of the stock were exchanged, compared to its average volume of 68,226. The stock has a market capitalization of $354.05, a price-to-earnings ratio of 22.90 and a beta of 0.81. American Software has a 1-year low of $9.00 and a 1-year high of $12.54.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 10th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Thursday, November 9th. American Software’s dividend payout ratio (DPR) is 84.62%.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of American Software from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. B. Riley reissued a “buy” rating and issued a $12.25 price target on shares of American Software in a report on Sunday, September 3rd. Finally, BidaskClub downgraded shares of American Software from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.
In other American Software news, CFO Vincent C. Klinges sold 17,815 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $11.25, for a total transaction of $200,418.75. Following the transaction, the chief financial officer now owns 114,653 shares in the company, valued at $1,289,846.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vincent C. Klinges sold 7,185 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $11.14, for a total value of $80,040.90. Following the transaction, the chief financial officer now owns 42,185 shares in the company, valued at approximately $469,940.90. The disclosure for this sale can be found here. Insiders sold 230,861 shares of company stock valued at $2,550,422 over the last three months. 13.89% of the stock is owned by insiders.
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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