Russell Investments Group Ltd. Has $12 Million Holdings in American Software, Inc. (NASDAQ:AMSWA)

Russell Investments Group Ltd. raised its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,061,981 shares of the software maker’s stock after buying an additional 14,617 shares during the period. Russell Investments Group Ltd. owned about 3.11% of American Software worth $12,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cove Street Capital LLC acquired a new stake in shares of American Software in the 3rd quarter valued at $4,195,000. Acadian Asset Management LLC raised its holdings in American Software by 114.0% during the 3rd quarter. Acadian Asset Management LLC now owns 361,829 shares of the software maker’s stock worth $4,144,000 after purchasing an additional 192,737 shares during the last quarter. Rhumbline Advisers lifted its position in American Software by 140.6% during the 3rd quarter. Rhumbline Advisers now owns 315,958 shares of the software maker’s stock valued at $3,621,000 after purchasing an additional 184,657 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of American Software during the 3rd quarter worth approximately $1,981,000. Finally, Inspire Investing LLC bought a new stake in shares of American Software during the third quarter worth approximately $619,000. Institutional investors own 76.98% of the company’s stock.

Analyst Ratings Changes

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

American Software Stock Up 0.7 %

Shares of NASDAQ:AMSWA opened at $10.13 on Friday. The company’s fifty day simple moving average is $11.06 and its 200 day simple moving average is $10.95. The firm has a market cap of $336.52 million, a price-to-earnings ratio of 28.94 and a beta of 0.71. American Software, Inc. has a 12 month low of $9.38 and a 12 month high of $13.72.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.13. The firm had revenue of $25.54 million during the quarter, compared to the consensus estimate of $24.12 million. American Software had a return on equity of 9.14% and a net margin of 10.94%. Research analysts expect that American Software, Inc. will post 0.28 earnings per share for the current fiscal year.

American Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, May 2nd. American Software’s dividend payout ratio is 125.72%.

American Software Profile

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.