Bank of America Corp DE increased its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,910 shares of the software maker’s stock after acquiring an additional 9,643 shares during the quarter. Bank of America Corp DE owned 0.34% of American Software worth $1,085,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV increased its stake in American Software by 1.6% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 158,090 shares of the software maker’s stock valued at $1,652,000 after buying an additional 2,500 shares during the period. BOKF NA increased its stake in American Software by 21.7% in the 4th quarter. BOKF NA now owns 26,223 shares of the software maker’s stock valued at $274,000 after buying an additional 4,674 shares during the period. New York State Common Retirement Fund increased its stake in American Software by 1.1% in the 4th quarter. New York State Common Retirement Fund now owns 512,046 shares of the software maker’s stock valued at $5,351,000 after buying an additional 5,815 shares during the period. Teton Advisors Inc. increased its stake in American Software by 3.6% in the 4th quarter. Teton Advisors Inc. now owns 208,084 shares of the software maker’s stock valued at $2,174,000 after buying an additional 7,171 shares during the period. Finally, MetLife Investment Advisors LLC increased its stake in American Software by 58.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 20,235 shares of the software maker’s stock valued at $245,000 after buying an additional 7,474 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.
Several analysts have commented on AMSWA shares. BidaskClub raised shares of American Software from a “buy” rating to a “strong-buy” rating in a research report on Thursday. ValuEngine raised shares of American Software from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. William Blair started coverage on shares of American Software in a research report on Wednesday, April 3rd. They issued an “outperform” rating and a $12.03 target price for the company. Finally, Zacks Investment Research downgraded shares of American Software from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $12.34.
Shares of American Software stock opened at $13.20 on Friday. American Software, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $18.94. The firm has a market capitalization of $413.02 million, a price-to-earnings ratio of 36.67 and a beta of 0.66.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Wednesday, February 20th. The software maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. American Software had a net margin of 5.54% and a return on equity of 6.80%. The firm had revenue of $27.00 million during the quarter, compared to the consensus estimate of $28.91 million. On average, equities research analysts predict that American Software, Inc. will post 0.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, May 9th. American Software’s dividend payout ratio is 122.22%.
In other news, CFO Vincent C. Klinges sold 19,072 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $11.76, for a total value of $224,286.72. Following the completion of the transaction, the chief financial officer now owns 115,910 shares in the company, valued at approximately $1,363,101.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James R. Mcguone sold 8,800 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $11.64, for a total transaction of $102,432.00. Following the completion of the transaction, the insider now owns 4,800 shares of the company’s stock, valued at approximately $55,872. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,584 shares of company stock valued at $1,521,784. Corporate insiders own 11.24% of the company’s stock.
About American Software
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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