American Software, Inc. (NASDAQ:AMSWA)’s share price reached a new 52-week high and low during trading on Wednesday . The company traded as low as $13.71 and last traded at $13.54, with a volume of 613 shares. The stock had previously closed at $13.28.
A number of equities analysts have commented on AMSWA shares. BidaskClub lowered American Software from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Finally, ValuEngine raised American Software from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd.
The firm has a market cap of $402.26 million, a P/E ratio of 27.98 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 $0.11 dividend. The ex-dividend date is Thursday, August 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.23%. American Software’s dividend payout ratio (DPR) is currently 89.80%.
In other American Software news, Director J Michael Edenfield sold 10,551 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $13.35, for a total value of $140,855.85. Following the completion of the sale, the director now directly owns 416,004 shares in the company, valued at $5,553,653.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James R. Mcguone sold 7,277 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $13.18, for a total value of $95,910.86. Following the completion of the sale, the insider now owns 4,800 shares of the company’s stock, valued at $63,264. The disclosure for this sale can be found here. Insiders sold 135,496 shares of company stock valued at $1,757,508 over the last 90 days. Corporate insiders own 13.89% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted 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 buying an additional 5,244 shares during the period. Bank of Montreal Can boosted its position in American Software by 957.5% during the fourth quarter. Bank of Montreal Can now owns 12,447 shares of the software maker’s stock valued at $145,000 after purchasing an additional 11,270 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in American Software during the fourth quarter valued at approximately $148,000. Municipal Employees Retirement System of Michigan acquired a new position in American Software during the fourth quarter valued at approximately $341,000. Finally, Bailard Inc. acquired a new position in American Software during the fourth quarter valued at approximately $388,000. 74.52% of the stock is owned by institutional investors.
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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