American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $11.71, for a total transaction of $175,650.00. Following the completion of the transaction, the insider now directly owns 75,000 shares of the company’s stock, valued at approximately $878,250. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of American Software, Inc. (NASDAQ:AMSWA) traded down $0.07 during trading hours on Friday, hitting $11.84. 61,482 shares of the company were exchanged, compared to its average volume of 58,156. American Software, Inc. has a 1 year low of $9.00 and a 1 year high of $13.05. The company has a market cap of $351.98, a P/E ratio of 20.19 and a beta of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued 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 of this dividend is Thursday, February 8th. American Software’s payout ratio is 78.57%.
Several research analysts have commented on AMSWA shares. B. Riley increased their price objective on shares of American Software from $12.25 to $14.00 and gave the company a “buy” rating in a report on Monday, December 4th. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st.
About American Software
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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