Royce & Associates LP reduced its stake in American Software, Inc. (NASDAQ:AMSWA) by 47.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,398 shares of the software maker’s stock after selling 108,272 shares during the quarter. Royce & Associates LP owned 0.40% of American Software worth $1,769,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in AMSWA. Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of American Software by 43.2% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 325,779 shares of the software maker’s stock valued at $4,747,000 after buying an additional 98,326 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of American Software by 86.5% in the 2nd quarter. Acadian Asset Management LLC now owns 160,051 shares of the software maker’s stock valued at $2,333,000 after buying an additional 74,238 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of American Software by 61.9% in the 1st quarter. Wells Fargo & Company MN now owns 94,054 shares of the software maker’s stock valued at $1,222,000 after buying an additional 35,965 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of American Software by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,054,419 shares of the software maker’s stock valued at $13,707,000 after buying an additional 34,474 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of American Software by 276.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 35,318 shares of the software maker’s stock valued at $515,000 after buying an additional 25,928 shares during the period. Institutional investors own 75.20% of the company’s stock.
Several analysts have recently commented on the company. B. Riley cut American Software from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Tuesday, August 28th. Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub raised American Software from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Finally, ValuEngine raised American Software from a “buy” rating to a “strong-buy” rating in a report on Friday, July 6th.
In related news, CFO Vincent C. Klinges sold 6,626 shares of American Software stock in a transaction on Friday, June 29th. The stock was sold at an average price of $14.73, for a total transaction of $97,600.98. Following the completion of the transaction, the chief financial officer now directly owns 103,464 shares of the company’s stock, valued at $1,524,024.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director J Michael Edenfield sold 41,402 shares of American Software stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $15.22, for a total value of $630,138.44. Following the transaction, the director now directly owns 457,125 shares of the company’s stock, valued at $6,957,442.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,028 shares of company stock valued at $1,023,139. 11.24% of the stock is currently owned by insiders.
AMSWA opened at $13.96 on Friday. The company has a market capitalization of $451.52 million, a PE ratio of 45.66 and a beta of 0.73. American Software, Inc. has a 12 month low of $10.59 and a 12 month high of $18.94.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, June 21st. The software maker reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $29.36 million during the quarter, compared to analysts’ expectations of $28.59 million. American Software had a return on equity of 9.11% and a net margin of 9.46%. sell-side analysts anticipate that American Software, Inc. will post 0.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 16th. This represents a $0.44 annualized dividend and a yield of 3.15%. American Software’s dividend payout ratio is presently 122.22%.
American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting. The SCM segment provides supply chain management solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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