American Software, Inc. (NASDAQ:AMSWA) Director James B. Miller, Jr. Buys 3,718 Shares of Stock

American Software, Inc. (NASDAQ:AMSWAGet Free Report) Director James B. Miller, Jr. acquired 3,718 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average cost of $9.15 per share, for a total transaction of $34,019.70. Following the acquisition, the director now owns 719 shares in the company, valued at $6,578.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

American Software Trading Up 2.5 %

American Software stock opened at $9.16 on Tuesday. The stock has a market cap of $304.30 million, a price-to-earnings ratio of 26.94 and a beta of 0.71. The company’s 50-day moving average price is $9.74 and its two-hundred day moving average price is $10.67. American Software, Inc. has a 52 week low of $8.41 and a 52 week high of $12.58.

American Software (NASDAQ:AMSWAGet Free Report) last released its earnings results on Thursday, June 6th. The software maker reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $25.39 million for the quarter, compared to analysts’ expectations of $24.87 million. American Software had a net margin of 10.75% and a return on equity of 8.90%. Research analysts expect that American Software, Inc. will post 0.17 earnings per share for the current fiscal year.

American Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.44 annualized dividend and a yield of 4.80%. American Software’s payout ratio is 129.42%.

Hedge Funds Weigh In On American Software

Several large investors have recently made changes to their positions in AMSWA. Connors Investor Services Inc. bought a new position in shares of American Software during the 3rd quarter valued at about $155,000. Wellington Management Group LLP boosted its position in shares of American Software by 14.1% during the 3rd quarter. Wellington Management Group LLP now owns 335,025 shares of the software maker’s stock valued at $3,839,000 after purchasing an additional 41,443 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of American Software by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,331,756 shares of the software maker’s stock valued at $26,722,000 after purchasing an additional 13,979 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of American Software by 37.8% during the 4th quarter. SG Americas Securities LLC now owns 12,578 shares of the software maker’s stock valued at $142,000 after purchasing an additional 3,448 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of American Software during the 4th quarter valued at about $180,000. Institutional investors own 76.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley lowered their target price on shares of American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, June 7th.

Check Out Our Latest Analysis on American Software

American Software Company Profile

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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.

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