SG Americas Securities LLC Purchases 3,448 Shares of American Software, Inc. (NASDAQ:AMSWA)

SG Americas Securities LLC grew its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,578 shares of the software maker’s stock after acquiring an additional 3,448 shares during the period. SG Americas Securities LLC’s holdings in American Software were worth $142,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of American Software by 25.1% during the third quarter. Vanguard Group Inc. now owns 2,143,735 shares of the software maker’s stock valued at $32,842,000 after buying an additional 429,879 shares during the last quarter. Cove Street Capital LLC purchased a new stake in shares of American Software during the third quarter worth about $4,195,000. Millennium Management LLC raised its stake in American Software by 941.2% during the 2nd quarter. Millennium Management LLC now owns 318,323 shares of the software maker’s stock valued at $5,144,000 after purchasing an additional 287,750 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in American Software by 247.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 274,069 shares of the software maker’s stock valued at $3,141,000 after purchasing an additional 195,135 shares during the period. Finally, Acadian Asset Management LLC raised its stake 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 valued at $4,144,000 after purchasing an additional 192,737 shares during the period. 76.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

American Software Stock Down 0.7 %

AMSWA opened at $10.69 on Wednesday. The business has a fifty day moving average of $11.21 and a 200 day moving average of $11.03. American Software, Inc. has a 52-week low of $9.38 and a 52-week high of $13.72. The stock has a market cap of $355.12 million, a P/E ratio of 30.54 and a beta of 0.70.

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

American Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, May 2nd. American Software’s 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.