Cozad Asset Management Inc. bought a new stake in American Software, Inc. (NASDAQ:AMSWA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 149,056 shares of the software maker’s stock, valued at approximately $2,172,000. Cozad Asset Management Inc. owned about 0.48% of American Software as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in 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. Northern Trust Corp boosted its position in American Software by 1.5% in the 1st quarter. Northern Trust Corp now owns 365,905 shares of the software maker’s stock valued at $4,757,000 after buying an additional 5,265 shares during the period. New York State Common Retirement Fund boosted its position in American Software by 0.8% in the 1st quarter. New York State Common Retirement Fund now owns 506,231 shares of the software maker’s stock valued at $6,581,000 after buying an additional 4,216 shares during the period. California Public Employees Retirement System boosted its position in American Software by 8.1% in the 1st quarter. California Public Employees Retirement System now owns 79,876 shares of the software maker’s stock valued at $1,038,000 after buying an additional 5,976 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in 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. Hedge funds and other institutional investors own 75.20% of the company’s stock.

American Software stock opened at $12.87 on Friday. The firm has a market cap of $404.55 million, a PE ratio of 40.91 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 released its quarterly earnings data on Thursday, June 21st. The software maker reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 net margin of 9.46% and a return on equity of 9.02%. research analysts anticipate that American Software, Inc. will post 0.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.42%. American Software’s dividend payout ratio (DPR) is currently 122.22%.

Several equities research analysts have recently issued reports on AMSWA shares. BidaskClub cut shares of American Software from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 8th. Zacks Investment Research cut shares of American Software from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. ValuEngine raised shares of American Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 6th. Finally, B. Riley cut shares of American Software from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Tuesday, August 28th.

In related news, CFO Vincent C. Klinges sold 6,626 shares of the business’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $14.73, for a total value of $97,600.98. Following the completion of the sale, 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 filing with the SEC, which is available through this hyperlink. Also, Director J Michael Edenfield sold 20,000 shares of the business’s stock in a transaction on Thursday, June 28th. The shares were sold at an average price of $14.77, for a total transaction of $295,400.00. Following the completion of the sale, the director now directly owns 435,723 shares of the company’s stock, valued at $6,435,628.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,028 shares of company stock valued at $1,345,759. 11.24% of the stock is owned by corporate insiders.

American Software 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.

See Also: Price to Earnings Ratio (PE)

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

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