American Software, Inc. (NASDAQ:AMSWA) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,708 shares of the software maker’s stock after selling 10,894 shares during the period. Raymond James & Associates owned about 0.41% of American Software worth $1,601,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMSWA. Quantbot Technologies LP acquired a new stake in American Software during the 1st quarter worth about $37,000. UBS Group AG increased its position in shares of American Software by 323.5% in the third quarter. UBS Group AG now owns 2,812 shares of the software maker’s stock worth $43,000 after acquiring an additional 2,148 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of American Software by 190.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,767 shares of the software maker’s stock valued at $50,000 after acquiring an additional 3,127 shares during the period. State of Wyoming lifted its position in shares of American Software by 777.0% in the 4th quarter. State of Wyoming now owns 3,964 shares of the software maker’s stock valued at $58,000 after acquiring an additional 3,512 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in American Software by 150.7% in the 1st quarter. Citigroup Inc. now owns 5,116 shares of the software maker’s stock worth $65,000 after purchasing an additional 3,075 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised American Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th.

American Software Price Performance

American Software stock opened at $10.57 on Friday. American Software, Inc. has a one year low of $9.38 and a one year high of $13.72. The company’s fifty day moving average price is $11.20 and its two-hundred day moving average price is $11.02. The company has a market capitalization of $351.14 million, a price-to-earnings ratio of 30.20 and a beta of 0.70.

American Software (NASDAQ:AMSWA) last announced its earnings results on Thursday, February 22nd. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. American Software had a return on equity of 9.14% and a net margin of 10.94%. The firm had revenue of $25.54 million during the quarter, compared to analysts’ expectations of $24.12 million. As a group, sell-side analysts anticipate that American Software, Inc. will post 0.28 earnings per share for the current year.

American Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.44 annualized dividend and a yield of 4.16%. American Software’s payout ratio is 125.72%.

About American Software

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.