American Software, Inc. (NASDAQ:AMSWA) Director Acquires $42,650.00 in Stock

American Software, Inc. (NASDAQ:AMSWA) Director Matthew G. Mckenna acquired 5,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of $8.53 per share, with a total value of $42,650.00. Following the purchase, the director now directly owns 37,350 shares of the company’s stock, valued at approximately $318,595.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Software Stock Performance

Shares of American Software stock opened at $9.13 on Friday. The company has a 50-day simple moving average of $9.89 and a two-hundred day simple moving average of $10.74. American Software, Inc. has a 52-week low of $8.41 and a 52-week high of $12.58. The stock has a market capitalization of $303.30 million, a PE ratio of 26.85 and a beta of 0.73.

American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Thursday, June 6th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. American Software had a return on equity of 8.90% and a net margin of 10.75%. The business had revenue of $25.39 million for the quarter, compared to analysts’ expectations of $24.87 million. As a group, equities research analysts forecast that American Software, Inc. will post 0.17 EPS for the current fiscal year.

American Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given 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 dividend yield of 4.82%. American Software’s dividend payout ratio (DPR) is presently 129.42%.

Analysts Set New Price Targets

Separately, B. Riley reduced their price target on American Software from $16.00 to $14.00 and set a “buy” rating for the company in a report on Friday, June 7th.

Hedge Funds Weigh In On American Software

A number of hedge funds have recently bought and sold shares of AMSWA. Vanguard Group Inc. grew its stake in shares of American Software by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,429,019 shares of the software maker’s stock worth $27,812,000 after acquiring an additional 53,284 shares during the period. Russell Investments Group Ltd. grew its position in American Software by 4.8% in the 1st quarter. Russell Investments Group Ltd. now owns 1,112,875 shares of the software maker’s stock worth $12,742,000 after purchasing an additional 50,894 shares during the period. John G Ullman & Associates Inc. raised its stake in American Software by 7.5% during the 4th quarter. John G Ullman & Associates Inc. now owns 614,740 shares of the software maker’s stock valued at $6,947,000 after buying an additional 42,723 shares during the last quarter. Cove Street Capital LLC raised its stake in American Software by 48.4% during the 4th quarter. Cove Street Capital LLC now owns 570,953 shares of the software maker’s stock valued at $6,452,000 after buying an additional 186,133 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of American Software by 44.6% during the 4th quarter. Eagle Asset Management Inc. now owns 480,697 shares of the software maker’s stock valued at $5,432,000 after buying an additional 148,368 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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.