American Software, Inc. (AMSWA) Shares Bought by Dalton Greiner Hartman Maher & Co.
Dalton Greiner Hartman Maher & Co. boosted its holdings in American Software, Inc. (NASDAQ:AMSWA) by 36.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 246,544 shares of the software maker’s stock after buying an additional 65,974 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in American Software were worth $2,867,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in shares of American Software by 217.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 214,826 shares of the software maker’s stock worth $2,211,000 after purchasing an additional 147,079 shares during the period. Renaissance Technologies LLC raised its holdings in shares of American Software by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock worth $21,102,000 after purchasing an additional 92,500 shares during the period. AJO LP purchased a new position in shares of American Software in the 2nd quarter worth about $886,000. Nationwide Fund Advisors raised its holdings in shares of American Software by 41.4% in the 3rd quarter. Nationwide Fund Advisors now owns 248,168 shares of the software maker’s stock worth $2,819,000 after purchasing an additional 72,600 shares during the period. Finally, Martin & Co. Inc. TN raised its holdings in shares of American Software by 65.3% in the 2nd quarter. Martin & Co. Inc. TN now owns 182,540 shares of the software maker’s stock worth $1,878,000 after purchasing an additional 72,105 shares during the period. 74.71% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider James C. Edenfield sold 7,300 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $11.88, for a total transaction of $86,724.00. Following the sale, the insider now directly owns 67,300 shares in the company, valued at approximately $799,524. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James C. Edenfield sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $11.71, for a total value of $175,650.00. Following the sale, the insider now owns 75,000 shares in the company, valued at $878,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,118 shares of company stock worth $1,675,547. Company insiders own 13.89% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.44 annualized dividend and a dividend yield of 3.41%. American Software’s payout ratio is currently 77.19%.
A number of research firms have recently commented on AMSWA. Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Monday, September 25th. BidaskClub downgraded American Software from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, B. Riley raised their price objective on American Software from $12.25 to $14.00 and gave the stock a “buy” rating in a report on Monday, December 4th.
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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.
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