Martingale Asset Management L P trimmed its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 50.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,400 shares of the software maker’s stock after selling 59,213 shares during the quarter. Martingale Asset Management L P owned 0.19% of American Software worth $611,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in American Software by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 527,069 shares of the software maker’s stock worth $7,679,000 after purchasing an additional 10,179 shares during the period. Northern Trust Corp raised its stake in shares of American Software by 3.4% in the 2nd quarter. Northern Trust Corp now owns 378,493 shares of the software maker’s stock valued at $5,515,000 after acquiring an additional 12,588 shares during the period. First Trust Advisors LP purchased a new stake in shares of American Software in the 3rd quarter valued at approximately $503,000. Engineers Gate Manager LP acquired a new position in shares of American Software in the third quarter valued at approximately $180,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of American Software in the third quarter valued at approximately $150,000. Hedge funds and other institutional investors own 77.27% of the company’s stock.
Several research analysts have commented on the stock. B. Riley set a $12.00 price target on shares of American Software and gave the stock a “hold” rating in a report on Wednesday, November 28th. BidaskClub upgraded shares of American Software from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Zacks Investment Research cut shares of American Software from a “buy” rating to a “hold” rating in a report on Monday, February 18th. Finally, ValuEngine cut shares of American Software from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.50.
Shares of American Software stock opened at $11.56 on Friday. American Software, Inc. has a 12-month low of $8.99 and a 12-month high of $18.94. The firm has a market capitalization of $359.09 million, a PE ratio of 32.11 and a beta of 0.64.
American Software (NASDAQ:AMSWA) last issued its earnings results on Wednesday, February 20th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. American Software had a net margin of 5.54% and a return on equity of 6.80%. The business had revenue of $27.00 million during the quarter, compared to analysts’ expectations of $28.91 million. Sell-side analysts expect that American Software, Inc. will post 0.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.11 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.44 annualized dividend and a yield of 3.81%. American Software’s dividend payout ratio (DPR) is 122.22%.
In other American Software news, insider James R. Mcguone sold 8,800 shares of the company’s 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 in the company, valued at approximately $55,872. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis Hogue sold 3,000 shares of the company’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $9.23, for a total transaction of $27,690.00. Following the transaction, the director now owns 28,124 shares of the company’s stock, valued at approximately $259,584.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,066 shares of company stock valued at $1,104,640. 11.24% of the stock is owned by insiders.
American Software 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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