American Software (NASDAQ:AMSWA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, June 19th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.
NASDAQ AMSWA opened at $13.26 on Wednesday. The firm has a market capitalization of $420.80 million, a price-to-earnings ratio of 36.83 and a beta of 0.64. American Software has a 12-month low of $8.99 and a 12-month high of $18.94.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.11 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.32%. American Software’s dividend payout ratio is currently 122.22%.
A number of research analysts have issued reports on AMSWA shares. BidaskClub raised shares of American Software from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. ValuEngine cut shares of American Software from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. William Blair initiated coverage on shares of American Software in a report on Wednesday, April 3rd. They issued an “outperform” rating and a $12.03 price target for the company. Finally, Zacks Investment Research cut shares of American Software from a “buy” rating to a “hold” rating in a report on Monday, February 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.34.
In other news, Director Dennis Hogue sold 24,850 shares of American Software stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $11.52, for a total value of $286,272.00. Following the sale, the director now owns 3,274 shares in the company, valued at $37,716.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vincent C. Klinges sold 19,072 shares of American Software stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $11.76, for a total transaction of $224,286.72. Following the completion of the sale, the chief financial officer now owns 115,910 shares in the company, valued at approximately $1,363,101.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,712 shares of company stock worth $1,115,862. 11.24% of the stock is owned by company insiders.
An institutional investor recently raised its position in American Software stock. Geode Capital Management LLC grew its stake in American Software, Inc. (NASDAQ:AMSWA) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,380 shares of the software maker’s stock after purchasing an additional 15,761 shares during the quarter. Geode Capital Management LLC owned approximately 1.02% of American Software worth $3,295,000 as of its most recent SEC filing. Institutional investors own 79.29% 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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