Schwab Charles Investment Management Inc. held its stake in American Software, Inc. (NASDAQ:AMSWA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,000 shares of the software maker’s stock at the end of the second quarter. Schwab Charles Investment Management Inc. owned approximately 0.15% of American Software worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMSWA. American International Group Inc. lifted its holdings in shares of American Software by 6.9% in the first quarter. American International Group Inc. now owns 15,859 shares of the software maker’s stock valued at $163,000 after purchasing an additional 1,027 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of American Software in the second quarter valued at $165,000. Prudential Financial Inc. lifted its holdings in shares of American Software by 9.6% in the first quarter. Prudential Financial Inc. now owns 17,111 shares of the software maker’s stock valued at $176,000 after purchasing an additional 1,500 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of American Software in the first quarter valued at $186,000. Finally, WealthTrust Axiom LLC lifted its holdings in shares of American Software by 11.6% in the second quarter. WealthTrust Axiom LLC now owns 19,207 shares of the software maker’s stock valued at $197,000 after purchasing an additional 2,000 shares in the last quarter. 75.42% of the stock is owned by hedge funds and other institutional investors.

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In related news, CFO Vincent C. Klinges sold 7,185 shares of American Software stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $11.14, for a total transaction of $80,040.90. Following the sale, the chief financial officer now directly owns 42,185 shares of the company’s stock, valued at $469,940.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Vincent C. Klinges sold 20,127 shares of American Software stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $11.35, for a total value of $228,441.45. Following the sale, the chief financial officer now directly owns 116,965 shares in the company, valued at $1,327,552.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 230,861 shares of company stock worth $2,550,422. Corporate insiders own 13.89% of the company’s stock.

A number of analysts have recently issued reports on the company. B. Riley restated a “buy” rating and issued a $12.25 target price on shares of American Software in a report on Sunday, September 3rd. Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, BidaskClub lowered American Software from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.

American Software, Inc. (NASDAQ AMSWA) opened at $12.32 on Monday. The firm has a market cap of $366.24, a price-to-earnings ratio of 23.69 and a beta of 0.81.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 annualized dividend and a yield of 3.57%. American Software’s dividend payout ratio (DPR) is currently 84.62%.

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.

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Institutional Ownership by Quarter for American Software (NASDAQ:AMSWA)

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