James C. Edenfield Sells 18,223 Shares of American Software, Inc. (NASDAQ:AMSWA) Stock

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American Software, Inc. (NASDAQ:AMSWA) Chairman James C. Edenfield sold 18,223 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $14.97, for a total transaction of $272,798.31. Following the transaction, the chairman now owns 78,223 shares in the company, valued at $1,170,998.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ AMSWA traded down $0.04 during midday trading on Thursday, reaching $14.91. The company had a trading volume of 106,632 shares, compared to its average volume of 95,655. The business’s 50-day simple moving average is $14.30 and its 200 day simple moving average is $13.22. The stock has a market cap of $470.24 million, a P/E ratio of 53.25 and a beta of 0.56. American Software, Inc. has a 1 year low of $8.99 and a 1 year high of $16.06. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02.

American Software (NASDAQ:AMSWA) last issued its earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. American Software had a net margin of 6.04% and a return on equity of 7.57%. The firm had revenue of $27.38 million during the quarter, compared to analysts’ expectations of $27.49 million. Analysts predict that American Software, Inc. will post 0.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.44 annualized dividend and a dividend yield of 2.95%. American Software’s dividend payout ratio (DPR) is presently 157.14%.

Institutional investors have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares during the last quarter. Bank of Montreal Can increased its holdings in American Software by 206.5% in the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock valued at $46,000 after buying an additional 2,387 shares in the last quarter. Aperio Group LLC purchased a new position in American Software in the second quarter valued at $67,000. BNP Paribas Arbitrage SA increased its holdings in American Software by 2,671.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after buying an additional 5,770 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in American Software by 13.6% in the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock valued at $105,000 after buying an additional 946 shares in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

AMSWA has been the topic of a number of recent research reports. ValuEngine downgraded shares of American Software from a “strong-buy” rating to a “buy” rating in a research note on Monday. William Blair restated an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, B. Riley upgraded shares of American Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $13.00 to $17.00 in a research note on Thursday, August 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. American Software has a consensus rating of “Buy” and an average target price of $14.68.

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), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning 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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