American Software, Inc. Declares Quarterly Dividend of $0.11 (AMSWA)
American Software, Inc. (NASDAQ:AMSWA) announced a quarterly dividend on Friday, May 12th. Shareholders of record on Friday, August 11th will be paid a dividend of 0.11 per share by the software maker on Friday, August 25th. This represents a $0.44 annualized dividend and a yield of 4.09%. The ex-dividend date is Wednesday, August 9th.
Shares of American Software (NASDAQ:AMSWA) traded down 0.83% during mid-day trading on Friday, reaching $10.75. 46,747 shares of the company’s stock traded hands. The firm has a 50-day moving average of $10.67 and a 200 day moving average of $10.54. American Software has a 12-month low of $8.73 and a 12-month high of $11.94. The company has a market cap of $316.80 million, a P/E ratio of 41.51 and a beta of 0.73.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, February 23rd. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. American Software had a net margin of 6.95% and a return on equity of 7.21%. The firm had revenue of $26.44 million for the quarter, compared to the consensus estimate of $27.80 million. Equities analysts forecast that American Software will post $0.36 EPS for the current year.
AMSWA has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a report on Wednesday, February 1st. B. Riley reaffirmed a “buy” rating and issued a $12.00 target price on shares of American Software in a research note on Tuesday, February 21st.
In other American Software news, insider James R. Mcguone sold 4,023 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $10.45, for a total transaction of $42,040.35. Following the transaction, the insider now directly owns 3,393 shares in the company, valued at $35,456.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James R. Mcguone sold 4,500 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $10.74, for a total transaction of $48,330.00. Following the transaction, the insider now owns 4,500 shares in the company, valued at $48,330. The disclosure for this sale can be found here. Insiders sold 145,426 shares of company stock worth $1,491,344 over the last ninety days. 14.39% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its position in shares of American Software by 6.1% in the first quarter. Teachers Advisors LLC now owns 40,823 shares of the software maker’s stock worth $420,000 after buying an additional 2,355 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of American Software by 2.5% in the first quarter. California Public Employees Retirement System now owns 80,700 shares of the software maker’s stock worth $830,000 after buying an additional 2,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of American Software by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,190,047 shares of the software maker’s stock worth $12,234,000 after buying an additional 46,559 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Software by 3.4% in the first quarter. Geode Capital Management LLC now owns 220,078 shares of the software maker’s stock worth $2,262,000 after buying an additional 7,276 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of American Software by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 887,195 shares of the software maker’s stock worth $9,121,000 after buying an additional 23,792 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.
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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