American Software, Inc. (NASDAQ:AMSWA) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.11 per share by the software maker on Friday, February 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, February 8th.

Shares of American Software (NASDAQ:AMSWA) traded up $0.18 during trading on Thursday, reaching $12.11. 48,638 shares of the company’s stock were exchanged, compared to its average volume of 68,036. The company has a market cap of $358.80, a price-to-earnings ratio of 23.21 and a beta of 0.81. American Software has a 1-year low of $9.00 and a 1-year high of $12.54.

A number of equities research analysts have recently weighed in on AMSWA shares. Zacks Investment Research raised shares of American Software from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, September 25th. BidaskClub lowered shares of American Software from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, B. Riley reaffirmed a “buy” rating and set a $12.25 target price on shares of American Software in a research note on Sunday, September 3rd.

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In related news, Director J Michael Edenfield sold 7,915 shares of American Software stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $11.01, for a total transaction of $87,144.15. Following the completion of the transaction, the director now directly owns 423,668 shares of the company’s stock, valued at approximately $4,664,584.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vincent C. Klinges sold 20,127 shares of American Software stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $11.35, for a total transaction of $228,441.45. Following the transaction, the chief financial officer now directly owns 116,965 shares of the company’s stock, valued at $1,327,552.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,861 shares of company stock valued at $2,550,422. 13.89% of the stock is currently owned by corporate insiders.

American Software Company Profile

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.

Dividend History for American Software (NASDAQ:AMSWA)

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