American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 19,700 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $11.02, for a total value of $217,094.00. Following the sale, the insider now directly owns 34,334 shares of the company’s stock, valued at approximately $378,360.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of American Software, Inc. (AMSWA) opened at 10.75 on Friday. The stock’s 50 day moving average price is $10.02 and its 200-day moving average price is $10.44. American Software, Inc. has a 12-month low of $9.00 and a 12-month high of $12.10. The firm has a market cap of $319.57 million, a P/E ratio of 20.71 and a beta of 0.76.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Friday, June 23rd. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. American Software had a return on equity of 15.78% and a net margin of 14.81%. The firm had revenue of $26.27 million for the quarter, compared to analysts’ expectations of $27.72 million. On average, analysts predict that American Software, Inc. will post $0.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 10th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.09%. American Software’s dividend payout ratio is presently 84.62%.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Martin & Co. Inc. TN lifted its position in shares of American Software by 65.3% during the 2nd quarter. Martin & Co. Inc. TN now owns 182,540 shares of the software maker’s stock valued at $1,878,000 after buying an additional 72,105 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of American Software by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,993 shares of the software maker’s stock valued at $247,000 after buying an additional 1,685 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of American Software by 178.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 80,138 shares of the software maker’s stock valued at $825,000 after buying an additional 51,400 shares during the last quarter. State Street Corp lifted its position in shares of American Software by 12.7% during the 2nd quarter. State Street Corp now owns 583,043 shares of the software maker’s stock valued at $5,997,000 after buying an additional 65,833 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of American Software by 190.2% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 55,542 shares of the software maker’s stock valued at $570,000 after buying an additional 36,400 shares during the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on AMSWA shares. B. Riley set a $12.00 price target on American Software and gave the company a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research downgraded American Software from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, BidaskClub downgraded American Software from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.

About American Software

American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.

Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

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