Insider Selling: American Software CFO Sells 26,726 Shares of Stock (AMSWA)
American Software (NASDAQ:AMSWA) CFO Vincent Klinges sold 26,726 shares of American Software stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $8.22, for a total transaction of $219,687.72. Following the transaction, the chief financial officer now directly owns 73,444 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Sidoti downgraded shares of American Software (NASDAQ:AMSWA) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 2nd.
American Software (NASDAQ:AMSWA) remained flat at $8.34 during during mid-day trading trading on Wednesday. The stock had a trading volume of 8,469 shares. American Software has a one year low of $7.16 and a one year high of $9.25. The stock’s 50-day moving average is $8.43 and its 200-day moving average is $8.43. The company has a market cap of $228.2 million and a P/E ratio of 26.39.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 9th. Stockholders of record on Friday, November 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, November 13th.
American Software, Inc (NASDAQ:AMSWA) develops, markets and supports a portfolio of software and services.
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