Raymond James & Associates Has $1.60 Million Stock Holdings in American Software, Inc. (NASDAQ:AMSWA)

Raymond James & Associates decreased its position in American Software, Inc. (NASDAQ:AMSWA) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 141,708 shares of the software maker’s stock after selling 10,894 shares during the period. Raymond James & Associates’ holdings in American Software were worth $1,601,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AMSWA. Quantbot Technologies LP acquired a new stake in shares of American Software in the first quarter valued at approximately $37,000. UBS Group AG boosted its holdings in American Software by 323.5% during the third quarter. UBS Group AG now owns 2,812 shares of the software maker’s stock worth $43,000 after purchasing an additional 2,148 shares during the last quarter. Tower Research Capital LLC TRC grew its position in American Software by 190.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,767 shares of the software maker’s stock valued at $50,000 after purchasing an additional 3,127 shares in the last quarter. State of Wyoming increased its stake in American Software by 777.0% in the 4th quarter. State of Wyoming now owns 3,964 shares of the software maker’s stock valued at $58,000 after buying an additional 3,512 shares during the last quarter. Finally, Citigroup Inc. lifted its position in American Software by 150.7% during the 1st quarter. Citigroup Inc. now owns 5,116 shares of the software maker’s stock worth $65,000 after buying an additional 3,075 shares in the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

American Software Stock Down 0.2 %

NASDAQ:AMSWA opened at $10.57 on Friday. American Software, Inc. has a twelve month low of $9.38 and a twelve month high of $13.72. The firm has a market capitalization of $351.14 million, a price-to-earnings ratio of 30.20 and a beta of 0.70. The stock’s 50 day moving average price is $11.20 and its two-hundred day moving average price is $11.02.

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

American Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Thursday, May 2nd. American Software’s payout ratio is currently 125.72%.

Wall Street Analyst Weigh In

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

About American Software

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.