American Software, Inc. (NASDAQ:AMSWA – Get Rating) President H Allan Dow sold 14,024 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $12.94, for a total transaction of $181,470.56. Following the completion of the transaction, the president now directly owns 97,115 shares in the company, valued at $1,256,668.10. The sale was disclosed in a document filed with the SEC, which is available at this link.
H Allan Dow also recently made the following trade(s):
- On Thursday, March 9th, H Allan Dow sold 4 shares of American Software stock. The shares were sold at an average price of $14.00, for a total value of $56.00.
- On Tuesday, March 7th, H Allan Dow sold 557 shares of American Software stock. The stock was sold at an average price of $13.90, for a total value of $7,742.30.
American Software Stock Performance
NASDAQ:AMSWA opened at $12.86 on Wednesday. The stock has a 50 day moving average price of $14.49 and a 200 day moving average price of $15.12. The stock has a market cap of $434.41 million, a PE ratio of 40.19 and a beta of 0.83. American Software, Inc. has a one year low of $12.70 and a one year high of $22.53.
American Software Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 17th. Shareholders of record on Wednesday, May 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, May 2nd. American Software’s dividend payout ratio (DPR) is presently 137.50%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. StockNews.com raised American Software from a “hold” rating to a “buy” rating in a research note on Tuesday, March 7th. B. Riley reduced their target price on shares of American Software from $23.00 to $21.50 in a research report on Friday, November 18th. Finally, Maxim Group lowered their price target on shares of American Software from $29.00 to $22.00 in a research report on Friday, November 18th.
Hedge Funds Weigh In On American Software
Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates boosted its stake in American Software by 0.8% during the third quarter. Raymond James & Associates now owns 88,874 shares of the software maker’s stock worth $1,362,000 after buying an additional 673 shares during the period. Martingale Asset Management L P lifted its holdings in shares of American Software by 1.7% in the 3rd quarter. Martingale Asset Management L P now owns 40,942 shares of the software maker’s stock worth $628,000 after acquiring an additional 704 shares during the last quarter. Morgan Stanley boosted its position in shares of American Software by 0.5% during the 4th quarter. Morgan Stanley now owns 151,934 shares of the software maker’s stock worth $2,230,000 after purchasing an additional 724 shares during the period. Royce & Associates LP increased its holdings in American Software by 0.9% in the 3rd quarter. Royce & Associates LP now owns 84,461 shares of the software maker’s stock valued at $1,294,000 after purchasing an additional 770 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in American Software by 17.5% in the 3rd quarter. Amalgamated Bank now owns 5,502 shares of the software maker’s stock valued at $84,000 after purchasing an additional 819 shares during the last quarter. 81.67% of the stock is currently owned by institutional investors and hedge funds.
About American Software
American Software, Inc engages in the development and marketing of supply chain management and enterprise software solutions. It operates through the following segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment offers supply chain optimization and retail planning solutions.
- Get a free copy of the StockNews.com research report on American Software (AMSWA)
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