American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 15,000 shares of American Software stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $11.71, for a total value of $175,650.00. Following the completion of the transaction, the insider now owns 75,000 shares of the company’s stock, valued at approximately $878,250. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of American Software, Inc. (NASDAQ AMSWA) traded down $0.07 during trading hours on Wednesday, hitting $11.71. The stock had a trading volume of 94,800 shares, compared to its average volume of 67,575. American Software, Inc. has a twelve month low of $9.00 and a twelve month high of $13.05. The stock has a market capitalization of $350.18, a P/E ratio of 19.97 and a beta of 0.81.

The business also recently disclosed 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 of this dividend is Thursday, February 8th. This represents a $0.44 annualized dividend and a dividend yield of 3.76%. American Software’s dividend payout ratio is currently 74.58%.

AMSWA has been the subject of several recent analyst reports. B. Riley set a $12.00 target price on American Software and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub lowered American Software from a “buy” rating to a “hold” rating in a report on Saturday.

Large investors have recently modified their holdings of the company. Algert Global LLC acquired a new position in American Software in the third quarter valued at $268,000. Dimensional Fund Advisors LP increased its stake in American Software by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 987,406 shares of the software maker’s stock valued at $11,217,000 after purchasing an additional 41,658 shares during the last quarter. Cadence Capital Management LLC increased its stake in American Software by 5.1% in the third quarter. Cadence Capital Management LLC now owns 97,092 shares of the software maker’s stock valued at $1,103,000 after purchasing an additional 4,674 shares during the last quarter. Macquarie Group Ltd. acquired a new position in American Software in the third quarter valued at $274,000. Finally, Commonwealth Equity Services Inc acquired a new position in American Software in the third quarter valued at $167,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

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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.

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

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