American Software, Inc. (NASDAQ:AMSWA) – Investment analysts at B. Riley lowered their Q3 2018 EPS estimates for shares of American Software in a research note issued on Friday. B. Riley analyst K. Liu now anticipates that the software maker will post earnings per share of $0.05 for the quarter, down from their previous forecast of $0.06. B. Riley has a “Buy” rating and a $14.00 price objective on the stock. B. Riley also issued estimates for American Software’s Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.28 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.33 EPS.
AMSWA has been the topic of a number of other reports. Zacks Investment Research upgraded shares of American Software from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Monday, September 25th. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a report on Saturday.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a $0.11 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.67%. American Software’s payout ratio is presently 74.58%.
In other news, President H Allan Dow sold 7,989 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.05, for a total value of $88,278.45. Following the completion of the sale, the president now owns 7,989 shares of the company’s stock, valued at $88,278.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vincent C. Klinges sold 7,185 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $11.14, for a total transaction of $80,040.90. Following the completion of the sale, the chief financial officer now directly owns 42,185 shares of the company’s stock, valued at approximately $469,940.90. The disclosure for this sale can be found here. In the last three months, insiders sold 195,751 shares of company stock valued at $2,163,860. 13.89% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Algert Global LLC acquired a new position in American Software in the third quarter valued at about $268,000. Dimensional Fund Advisors LP raised its stake in American Software by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 987,406 shares of the software maker’s stock worth $11,217,000 after acquiring an additional 41,658 shares in the last quarter. Cadence Capital Management LLC raised its stake in American Software by 5.1% during the third quarter. Cadence Capital Management LLC now owns 97,092 shares of the software maker’s stock worth $1,103,000 after acquiring an additional 4,674 shares in the last quarter. Macquarie Group Ltd. acquired a new position in American Software during the third quarter worth about $274,000. Finally, Commonwealth Equity Services Inc acquired a new position in American Software during the third quarter worth about $167,000. 75.71% of the stock is owned by institutional investors and hedge funds.
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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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