American Software, Inc. (NASDAQ:AMSWA) President H Allan Dow Sells 14,024 Shares

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 (NASDAQ:AMSWA – Get Rating) last issued its earnings results on Thursday, February 23rd. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $31.01 million during the quarter, compared to the consensus estimate of $31.00 million. American Software had a return on equity of 8.67% and a net margin of 8.67%. During the same period last year, the company earned $0.09 EPS. As a group, analysts predict that American Software, Inc. will post 0.27 earnings per share for the current fiscal year.

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

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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.