American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 13,900 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.06, for a total transaction of $153,734.00. Following the completion of the sale, the director now directly owns 13,900 shares in the company, valued at approximately $153,734. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

J Michael Edenfield also recently made the following trade(s):

  • On Wednesday, September 6th, J Michael Edenfield sold 33,985 shares of American Software stock. The stock was sold at an average price of $11.02, for a total transaction of $374,514.70.
  • On Friday, September 1st, J Michael Edenfield sold 21,200 shares of American Software stock. The stock was sold at an average price of $11.01, for a total transaction of $233,412.00.
  • On Thursday, August 31st, J Michael Edenfield sold 7,915 shares of American Software stock. The stock was sold at an average price of $11.01, for a total transaction of $87,144.15.
  • On Tuesday, June 27th, J Michael Edenfield sold 42,580 shares of American Software stock. The stock was sold at an average price of $10.54, for a total transaction of $448,793.20.
  • On Wednesday, June 28th, J Michael Edenfield sold 300 shares of American Software stock. The stock was sold at an average price of $10.67, for a total transaction of $3,201.00.

American Software, Inc. (NASDAQ:AMSWA) traded down 0.18% during trading on Thursday, reaching $11.01. 53,751 shares of the company’s stock traded hands. American Software, Inc. has a 12 month low of $9.00 and a 12 month high of $12.10. The company has a market capitalization of $326.67 million, a price-to-earnings ratio of 21.21 and a beta of 0.76. The firm’s 50 day moving average is $9.87 and its 200-day moving average is $10.42.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Friday, June 23rd. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.13. American Software had a return on equity of 16.06% and a net margin of 14.81%. The business had revenue of $26.27 million during the quarter, compared to analysts’ expectations of $27.72 million. Analysts expect that American Software, Inc. will post $0.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 10th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.99%. American Software’s dividend payout ratio is 84.62%.

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A number of research firms recently weighed in on AMSWA. B. Riley reaffirmed a “buy” rating and issued a $12.25 price objective on shares of American Software in a report on Tuesday, June 20th. Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, BidaskClub cut shares of American Software from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.

Several institutional investors have recently added to or reduced their stakes in AMSWA. Acadian Asset Management LLC bought a new position in shares of American Software in the first quarter valued at about $125,000. First Quadrant L P CA raised its holdings in American Software by 253.2% during the 1st quarter. First Quadrant L P CA now owns 27,279 shares of the software maker’s stock worth $280,000 after purchasing an additional 19,556 shares during the last quarter. Strs Ohio raised its holdings in American Software by 6.1% during the 1st quarter. Strs Ohio now owns 62,300 shares of the software maker’s stock worth $640,000 after purchasing an additional 3,600 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in American Software by 10.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 87,950 shares of the software maker’s stock worth $904,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in American Software by 9.0% during the 1st quarter. Bank of New York Mellon Corp now owns 508,010 shares of the software maker’s stock worth $5,221,000 after purchasing an additional 42,072 shares during the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

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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