Usca Ria LLC purchased a new position in shares of American Software, Inc. (NASDAQ:AMSWA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,946 shares of the software maker’s stock, valued at approximately $29,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of American Software by 13.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock worth $105,000 after acquiring an additional 946 shares in the last quarter. FMR LLC grew its stake in shares of American Software by 107.5% during the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after acquiring an additional 1,075 shares in the last quarter. Rhumbline Advisers grew its stake in shares of American Software by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 50,093 shares of the software maker’s stock worth $752,000 after acquiring an additional 1,398 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of American Software by 1.5% during the 2nd quarter. Bessemer Group Inc. now owns 102,500 shares of the software maker’s stock worth $1,348,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of American Software by 206.5% during the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after acquiring an additional 2,387 shares in the last quarter. 77.47% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on AMSWA shares. ValuEngine cut shares of American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub cut shares of American Software from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Zacks Investment Research cut shares of American Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, B. Riley raised shares of American Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $13.00 to $17.00 in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. American Software has an average rating of “Buy” and an average price target of $14.68.
In related news, insider James R. Mcguone sold 9,600 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $15.43, for a total value of $148,128.00. Following the completion of the transaction, the insider now owns 9,600 shares of the company’s stock, valued at $148,128. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis Hogue sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $15.21, for a total value of $45,630.00. Following the completion of the transaction, the director now directly owns 9,274 shares of the company’s stock, valued at approximately $141,057.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,162 shares of company stock valued at $2,768,661. 11.19% of the stock is owned by insiders.
NASDAQ:AMSWA opened at $16.59 on Friday. American Software, Inc. has a 1-year low of $8.99 and a 1-year high of $16.59. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $514.72 million, a PE ratio of 59.25 and a beta of 0.53. The firm has a fifty day simple moving average of $15.63 and a 200 day simple moving average of $14.13.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Wednesday, August 28th. The software maker reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $27.38 million during the quarter, compared to the consensus estimate of $27.49 million. American Software had a return on equity of 7.57% and a net margin of 6.04%. On average, equities analysts predict that American Software, Inc. will post 0.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, November 21st. American Software’s dividend payout ratio (DPR) is presently 157.14%.
About American Software
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.
Want to see what other hedge funds are holding AMSWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Software, Inc. (NASDAQ:AMSWA).
Receive News & Ratings for American Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Software and related companies with MarketBeat.com's FREE daily email newsletter.