Perritt Capital Management Inc. trimmed its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,805 shares of the software maker’s stock after selling 24,995 shares during the period. American Software comprises 0.9% of Perritt Capital Management Inc.’s holdings, making the stock its 26th biggest holding. Perritt Capital Management Inc. owned approximately 0.57% of American Software worth $2,364,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AMSWA. Granite Investment Partners LLC lifted its position in shares of American Software by 86.9% during the first quarter. Granite Investment Partners LLC now owns 89,059 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 41,399 shares during the last quarter. Bessemer Group Inc. increased its stake in American Software by 1.5% in the 2nd quarter. Bessemer Group Inc. now owns 102,500 shares of the software maker’s stock worth $1,348,000 after buying an additional 1,500 shares during the period. Aperio Group LLC purchased a new position in American Software in the 2nd quarter worth about $67,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in American Software by 42.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 23,440 shares of the software maker’s stock worth $280,000 after buying an additional 6,973 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in American Software by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,155,992 shares of the software maker’s stock valued at $12,080,000 after buying an additional 15,304 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.
Several research analysts have commented on AMSWA shares. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. B. Riley raised American Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $17.00 in a research report on Thursday, August 29th. BidaskClub downgraded American Software from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. ValuEngine upgraded American Software from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 26th. Finally, William Blair restated an “outperform” rating on shares of American Software in a report on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.68.
In other American Software news, Director J Michael Edenfield sold 7,965 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $15.00, for a total transaction of $119,475.00. Following the completion of the transaction, the director now directly owns 423,688 shares of the company’s stock, valued at approximately $6,355,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bryan L. Sell sold 4,000 shares of American Software stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $13.05, for a total transaction of $52,200.00. Following the sale, the insider now owns 4,000 shares of the company’s stock, valued at $52,200. The disclosure for this sale can be found here. Insiders sold a total of 46,183 shares of company stock valued at $652,470 in the last 90 days. 11.19% of the stock is currently owned by company insiders.
Shares of AMSWA stock traded up $0.08 during trading hours on Wednesday, reaching $15.22. 6,778 shares of the company’s stock were exchanged, compared to its average volume of 75,124. American Software, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $16.06. The stock’s 50 day moving average is $14.07 and its 200-day moving average is $13.11. The company has a current ratio of 2.60, a quick ratio of 2.61 and a debt-to-equity ratio of 0.02. The company has a market cap of $474.64 million, a price-to-earnings ratio of 54.43 and a beta of 0.56.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. American Software had a return on equity of 7.57% and a net margin of 6.04%. The business had revenue of $27.38 million for the quarter, compared to analyst estimates of $27.49 million. Equities analysts anticipate that American Software, Inc. will post 0.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, November 21st. American Software’s payout ratio is 157.14%.
American Software Company Profile
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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