American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 15,000 shares of American Software stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $11.92, for a total value of $178,800.00. Following the completion of the transaction, the insider now owns 75,000 shares of the company’s stock, valued at $894,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of American Software, Inc. (AMSWA) traded up $0.08 during midday trading on Friday, reaching $11.91. 66,500 shares of the company’s stock were exchanged, compared to its average volume of 67,493. American Software, Inc. has a 1 year low of $9.00 and a 1 year high of $13.05. The company has a market capitalization of $351.67, a PE ratio of 20.05 and a beta of 0.81.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.11 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.44 dividend on an annualized basis and a yield of 3.69%. American Software’s dividend payout ratio is currently 74.58%.

AMSWA has been the subject of a number of research reports. B. Riley lifted their price target on American Software from $12.25 to $14.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Monday, September 25th. Finally, BidaskClub downgraded American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of American Software during the second quarter valued at approximately $133,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of American Software during the third quarter valued at approximately $137,000. GSA Capital Partners LLP raised its holdings in shares of American Software by 5.4% during the second quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock valued at $140,000 after buying an additional 700 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of American Software during the second quarter valued at approximately $142,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of American Software during the third quarter valued at approximately $167,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

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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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