American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 33,985 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.02, for a total value of $374,514.70. Following the transaction, the director now owns 33,985 shares of the company’s stock, valued at approximately $374,514.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, September 5th, J Michael Edenfield sold 13,900 shares of American Software stock. The shares were sold at an average price of $11.06, for a total value of $153,734.00.
  • On Friday, September 1st, J Michael Edenfield sold 21,200 shares of American Software stock. The shares were sold at an average price of $11.01, for a total value of $233,412.00.
  • On Thursday, August 31st, J Michael Edenfield sold 7,915 shares of American Software stock. The shares were sold at an average price of $11.01, for a total value of $87,144.15.
  • On Tuesday, June 27th, J Michael Edenfield sold 42,580 shares of American Software stock. The shares were sold at an average price of $10.54, for a total value of $448,793.20.
  • On Wednesday, June 28th, J Michael Edenfield sold 300 shares of American Software stock. The shares were sold at an average price of $10.67, for a total value of $3,201.00.

Shares of American Software, Inc. (NASDAQ:AMSWA) traded down 0.18% on Thursday, hitting $11.01. The stock had a trading volume of 53,751 shares. The firm has a market cap of $326.67 million, a P/E ratio of 21.21 and a beta of 0.76. American Software, Inc. has a 12 month low of $9.00 and a 12 month high of $12.10. The firm’s 50-day moving average price is $9.87 and its 200 day moving average price 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 for the quarter, topping the consensus estimate of $0.21 by $0.13. American Software had a net margin of 14.81% and a return on equity of 16.06%. The firm had revenue of $26.27 million during the quarter, compared to the consensus estimate of $27.72 million. Analysts anticipate that American Software, Inc. will post $0.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 10th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.44 annualized dividend and a dividend yield of 3.99%. American Software’s dividend payout ratio (DPR) is presently 84.62%.

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A number of brokerages have recently weighed in on AMSWA. Zacks Investment Research upgraded American Software from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub lowered American Software from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, B. Riley restated a “buy” rating and set a $12.25 price objective on shares of American Software in a research report on Sunday.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMSWA. Acadian Asset Management LLC acquired a new stake in American Software in the 1st quarter valued at about $125,000. Citadel Advisors LLC acquired a new stake in American Software in the 2nd quarter valued at about $133,000. Acrospire Investment Management LLC raised its holdings in American Software by 20.8% in the 1st quarter. Acrospire Investment Management LLC now owns 13,397 shares of the software maker’s stock valued at $138,000 after acquiring an additional 2,311 shares during the last quarter. GSA Capital Partners LLP raised its holdings in American Software by 5.4% in the 2nd quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock valued at $140,000 after acquiring an additional 700 shares during the last quarter. Finally, Smith Asset Management Group LP acquired a new stake in American Software in the 2nd quarter valued at about $142,000. Hedge funds and other institutional investors own 74.71% 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.

Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

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