James C. Edenfield Sells 15,000 Shares of American Software, Inc. (AMSWA) Stock

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 large investors have recently made changes to their positions in AMSWA. Goldman Sachs Group Inc. lifted its holdings in shares of American Software by 217.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 214,826 shares of the software maker’s stock valued at $2,211,000 after acquiring an additional 147,079 shares during the last quarter. Renaissance Technologies LLC raised its position in American Software by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock worth $21,102,000 after purchasing an additional 92,500 shares during the period. AJO LP purchased a new stake in American Software in the 2nd quarter worth about $886,000. Nationwide Fund Advisors raised its position in American Software by 41.4% in the 3rd quarter. Nationwide Fund Advisors now owns 248,168 shares of the software maker’s stock worth $2,819,000 after purchasing an additional 72,600 shares during the period. Finally, Martin & Co. Inc. TN raised its position in American Software by 65.3% in the 2nd 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 during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

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.

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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.

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

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