Russell Investments Group Ltd. Boosts Stock Position in American Software, Inc. (NASDAQ:AMSWA)

Russell Investments Group Ltd. raised its stake in American Software, Inc. (NASDAQ:AMSWA) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,061,981 shares of the software maker’s stock after buying an additional 14,617 shares during the period. Russell Investments Group Ltd.’s holdings in American Software were worth $12,000,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of American Software by 89.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker’s stock worth $77,000 after purchasing an additional 3,215 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of American Software during the third quarter valued at approximately $105,000. New York State Common Retirement Fund raised its holdings in shares of American Software by 204.3% during the third quarter. New York State Common Retirement Fund now owns 12,980 shares of the software maker’s stock valued at $149,000 after purchasing an additional 8,715 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in American Software in the third quarter worth approximately $153,000. Finally, Connors Investor Services Inc. bought a new position in shares of American Software during the 3rd quarter valued at $155,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

Wall Street Analyst Weigh In

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

American Software Stock Up 0.7 %

AMSWA stock opened at $10.13 on Friday. The business’s 50-day moving average price is $11.06 and its 200-day moving average price is $10.95. The stock has a market cap of $336.52 million, a P/E ratio of 28.94 and a beta of 0.71. 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 quarterly earnings results on Thursday, February 22nd. The software maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. The business had revenue of $25.54 million during 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%. On average, equities research analysts expect that American Software, Inc. will post 0.28 earnings per share for the current fiscal year.

American Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 4.34%. American Software’s dividend payout ratio is presently 125.72%.

American Software 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.