SG Americas Securities LLC Has $142,000 Stake in American Software, Inc. (NASDAQ:AMSWA)

SG Americas Securities LLC lifted its stake in shares of American Software, Inc. (NASDAQ:AMSWA) by 37.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,578 shares of the software maker’s stock after purchasing an additional 3,448 shares during the period. SG Americas Securities LLC’s holdings in American Software were worth $142,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its holdings in American Software by 0.7% in the third quarter. Neuberger Berman Group LLC now owns 3,108,667 shares of the software maker’s stock valued at $47,625,000 after buying an additional 22,159 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in American Software by 0.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,065,903 shares of the software maker’s stock valued at $38,661,000 after buying an additional 16,573 shares during the period. BlackRock Inc. lifted its holdings in American Software by 6.5% in the third quarter. BlackRock Inc. now owns 2,339,175 shares of the software maker’s stock valued at $35,836,000 after buying an additional 143,328 shares during the period. Vanguard Group Inc. lifted its holdings in American Software by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,331,756 shares of the software maker’s stock valued at $26,722,000 after buying an additional 13,979 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in American Software by 3.2% in the first quarter. Renaissance Technologies LLC now owns 1,661,203 shares of the software maker’s stock valued at $34,619,000 after buying an additional 52,103 shares during the period. 76.98% of the stock is currently owned by institutional investors and hedge funds.

American Software Stock Performance

AMSWA opened at $10.69 on Wednesday. The firm’s fifty day moving average is $11.21 and its two-hundred day moving average is $11.03. The firm has a market cap of $355.12 million, a PE ratio of 30.54 and a beta of 0.70. American Software, Inc. has a twelve month low of $9.38 and a twelve month high of $13.72.

American Software (NASDAQ:AMSWA) last posted 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. The company had revenue of $25.54 million for the quarter, compared to analyst estimates of $24.12 million. American Software had a net margin of 10.94% and a return on equity of 9.14%. Equities analysts forecast that American Software, Inc. will post 0.28 EPS for the current fiscal year.

American Software Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.44 annualized dividend and a yield of 4.12%. American Software’s dividend payout ratio (DPR) is presently 125.72%.

Analyst Upgrades and Downgrades

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

American Software Company 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.