American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 26,579 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $11.91, for a total transaction of $316,555.89. Following the completion of the transaction, the director now owns 442,332 shares of the company’s stock, valued at approximately $5,268,174.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

J Michael Edenfield also recently made the following trade(s):

  • On Friday, December 22nd, J Michael Edenfield sold 45,461 shares of American Software stock. The stock was sold at an average price of $11.91, for a total transaction of $541,440.51.
  • On Wednesday, December 20th, J Michael Edenfield sold 6,569 shares of American Software stock. The stock was sold at an average price of $11.73, for a total transaction of $77,054.37.
  • On Monday, December 18th, J Michael Edenfield sold 5,153 shares of American Software stock. The stock was sold at an average price of $11.84, for a total transaction of $61,011.52.

Shares of American Software, Inc. (AMSWA) traded down $0.16 during mid-day trading on Friday, hitting $11.77. 34,600 shares of the company were exchanged, compared to its average volume of 68,366. The firm has a market capitalization of $359.71, a P/E ratio of 19.95 and a beta of 0.81. American Software, Inc. has a 12-month low of $9.00 and a 12-month high of $13.05.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.74%. American Software’s payout ratio is currently 74.58%.

Several hedge funds have recently modified their holdings of AMSWA. Renaissance Technologies LLC lifted its position in American Software by 4.7% in the second quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock valued at $21,102,000 after acquiring an additional 92,500 shares during the last quarter. Prudential Financial Inc. lifted its position in American Software by 67.2% in the second quarter. Prudential Financial Inc. now owns 28,611 shares of the software maker’s stock valued at $294,000 after acquiring an additional 11,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Software by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 945,748 shares of the software maker’s stock valued at $9,732,000 after acquiring an additional 58,553 shares during the last quarter. John G Ullman & Associates Inc. lifted its position in American Software by 2.1% in the third quarter. John G Ullman & Associates Inc. now owns 636,354 shares of the software maker’s stock valued at $7,229,000 after acquiring an additional 13,179 shares during the last quarter. Finally, Northern Trust Corp lifted its position in American Software by 5.3% in the second quarter. Northern Trust Corp now owns 366,786 shares of the software maker’s stock valued at $3,774,000 after acquiring an additional 18,613 shares during the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

A number of equities analysts recently commented on AMSWA shares. B. Riley reiterated a “buy” rating and set a $14.00 target price (up previously from $12.25) on shares of American Software in a research note on Tuesday, November 28th. Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.

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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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