Cozad Asset Management Inc. lessened its stake in American Software, Inc. (NASDAQ:AMSWA) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,271 shares of the software maker’s stock after selling 2,018 shares during the quarter. Cozad Asset Management Inc. owned about 0.46% of American Software worth $1,910,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in shares of American Software during the fourth quarter worth about $117,000. Dimensional Fund Advisors LP increased its position in American Software by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,155,992 shares of the software maker’s stock valued at $12,080,000 after acquiring an additional 15,304 shares during the period. BNP Paribas Arbitrage SA increased its position in American Software by 2,671.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after acquiring an additional 5,770 shares during the period. Victory Capital Management Inc. acquired a new position in American Software in the 1st quarter valued at about $909,000. Finally, Cadence Capital Management LLC increased its position in American Software by 1.8% in the 1st quarter. Cadence Capital Management LLC now owns 281,439 shares of the software maker’s stock valued at $3,363,000 after acquiring an additional 4,951 shares during the period. 77.63% of the stock is owned by hedge funds and other institutional investors.
In related news, Director J Michael Edenfield sold 6,020 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $14.36, for a total transaction of $86,447.20. Following the sale, the director now owns 421,743 shares in the company, valued at $6,056,229.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bryan L. Sell sold 4,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $13.13, for a total transaction of $52,520.00. Following the sale, the insider now owns 4,000 shares in the company, valued at approximately $52,520. The disclosure for this sale can be found here. Insiders have sold 150,508 shares of company stock worth $2,224,968 in the last ninety days. Corporate insiders own 11.19% of the company’s stock.
Shares of AMSWA stock remained flat at $$14.95 on Thursday. The stock had a trading volume of 111,937 shares, compared to its average volume of 95,655. The stock has a market cap of $470.24 million, a PE ratio of 53.39 and a beta of 0.56. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $14.30 and its 200 day moving average price is $13.22. American Software, Inc. has a 1-year low of $8.99 and a 1-year high of $16.06.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $27.38 million during the quarter, compared to analysts’ expectations of $27.49 million. American Software had a net margin of 6.04% and a return on equity of 7.57%. As a group, equities analysts forecast that American Software, Inc. will post 0.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.44 annualized dividend and a dividend yield of 2.94%. American Software’s payout ratio is 157.14%.
Several equities analysts recently issued reports on AMSWA shares. B. Riley upgraded American Software from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $17.00 in a research report on Thursday, August 29th. ValuEngine cut American Software from a “strong-buy” rating to a “buy” rating in a research report on Monday. BidaskClub cut American Software from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Finally, William Blair reissued an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $14.68.
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), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning 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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