American Software, Inc. (AMSWA) Insider James C. Edenfield Sells 5,872 Shares
American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 5,872 shares of American Software stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $11.01, for a total transaction of $64,650.72. Following the completion of the transaction, the insider now owns 14,224 shares of the company’s stock, valued at $156,606.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
American Software, Inc. (AMSWA) traded down 1.21% on Friday, reaching $10.60. 122,907 shares of the company were exchanged. American Software, Inc. has a 12-month low of $9.00 and a 12-month high of $12.10. The firm has a market capitalization of $315.11 million, a P/E ratio of 20.42 and a beta of 0.76. The firm has a 50-day moving average of $10.02 and a 200 day moving average of $10.44.
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 Thomson Reuters’ consensus estimate of $0.21 by $0.13. American Software had a net margin of 14.81% and a return on equity of 15.78%. The business had revenue of $26.27 million for the quarter, compared to the consensus estimate of $27.72 million. On average, equities analysts predict that American Software, Inc. will post $0.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 10th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 annualized dividend and a yield of 4.15%. American Software’s payout ratio is presently 84.62%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMSWA. Acadian Asset Management LLC bought a new position in American Software in the first quarter worth approximately $125,000. Citadel Advisors LLC bought a new position in American Software in the second quarter worth approximately $133,000. GSA Capital Partners LLP raised its position 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 acquiring an additional 700 shares during the period. Smith Asset Management Group LP bought a new position in American Software in the second quarter worth approximately $142,000. Finally, American International Group Inc. raised its position 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 acquiring an additional 1,027 shares during the period. Institutional investors and hedge funds own 74.71% of the company’s stock.
A number of research analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $12.25 price objective on shares of American Software in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of American Software from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, BidaskClub lowered shares of American Software from a “sell” rating to a “strong sell” rating in a research note 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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