American Software, Inc. (AMSWA) President Sells $36,266.10 in Stock
American Software, Inc. (NASDAQ:AMSWA) President H Allan Dow sold 3,282 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $11.05, for a total value of $36,266.10. Following the sale, the president now directly owns 3,282 shares of the company’s stock, valued at approximately $36,266.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
H Allan Dow also recently made the following trade(s):
- On Tuesday, September 5th, H Allan Dow sold 7,989 shares of American Software stock. The stock was sold at an average price of $11.05, for a total value of $88,278.45.
- On Friday, September 1st, H Allan Dow sold 5,995 shares of American Software stock. The stock was sold at an average price of $11.01, for a total value of $66,004.95.
Shares of American Software, Inc. (AMSWA) traded down 0.18% during mid-day trading on Thursday, reaching $11.01. The company had a trading volume of 53,751 shares. The stock has a market capitalization of $326.67 million, a P/E ratio of 21.21 and a beta of 0.76. American Software, Inc. has a one year low of $9.00 and a one year high of $12.10. The firm has a 50 day moving average of $9.87 and a 200-day moving average of $10.42.
American Software (NASDAQ:AMSWA) last posted its earnings results on Friday, June 23rd. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The company had revenue of $26.27 million for the quarter, compared to the consensus estimate of $27.72 million. American Software had a return on equity of 16.06% and a net margin of 14.81%. Analysts forecast that American Software, Inc. will post $0.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 annualized dividend and a yield of 3.99%. American Software’s payout ratio is currently 84.62%.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in shares of American Software by 0.8% during the second quarter. Stifel Financial Corp now owns 72,729 shares of the software maker’s stock valued at $748,000 after buying an additional 564 shares during the last quarter. GSA Capital Partners LLP grew its stake in American Software by 5.4% in the second quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock worth $140,000 after purchasing an additional 700 shares in the last quarter. American International Group Inc. grew its stake in American Software by 6.9% in the first quarter. American International Group Inc. now owns 15,859 shares of the software maker’s stock worth $163,000 after purchasing an additional 1,027 shares in the last quarter. Martingale Asset Management L P grew its stake in American Software by 1.4% in the first quarter. Martingale Asset Management L P now owns 78,109 shares of the software maker’s stock worth $803,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in American Software by 9.6% in the first quarter. Prudential Financial Inc. now owns 17,111 shares of the software maker’s stock worth $176,000 after purchasing an additional 1,500 shares in the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $12.25 price target on shares of American Software in a research note on Sunday. Zacks Investment Research upgraded American Software from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, BidaskClub downgraded American Software from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.
American Software Company Profile
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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