American Software, Inc. (AMSWA) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC increased its holdings in American Software, Inc. (NASDAQ:AMSWA) by 17.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,068 shares of the software maker’s stock after acquiring an additional 7,245 shares during the quarter. Teachers Advisors LLC owned approximately 0.16% of American Software worth $495,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. AJO LP purchased a new stake in American Software in the second quarter worth about $886,000. Martingale Asset Management L P lifted its stake in American Software by 38.6% in the second quarter. Martingale Asset Management L P now owns 108,228 shares of the software maker’s stock worth $1,114,000 after acquiring an additional 30,119 shares during the period. Alliancebernstein L.P. lifted its stake in American Software by 72.8% in the second quarter. Alliancebernstein L.P. now owns 37,492 shares of the software maker’s stock worth $386,000 after acquiring an additional 15,800 shares during the period. Prudential Financial Inc. lifted its stake in American Software by 67.2% in the second quarter. Prudential Financial Inc. now owns 28,611 shares of the software maker’s stock worth $294,000 after acquiring an additional 11,500 shares during the period. Finally, American Century Companies Inc. purchased a new stake in shares of American Software during the second quarter valued at about $213,000. 75.42% of the stock is owned by institutional investors.
Several analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $12.25 price target on shares of American Software in a research report on Sunday, September 3rd. Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, BidaskClub lowered shares of American Software from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.
Shares of American Software, Inc. (NASDAQ AMSWA) opened at $11.91 on Friday. The company has a market cap of $354.05, a PE ratio of 22.90 and a beta of 0.81. American Software, Inc. has a 1 year low of $9.00 and a 1 year high of $12.54.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 10th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, November 9th. American Software’s payout ratio is currently 84.62%.
In related news, Director J Michael Edenfield sold 7,915 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $11.01, for a total value 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vincent C. Klinges sold 7,185 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $11.14, for a total transaction of $80,040.90. Following the completion of the transaction, the chief financial officer now directly owns 42,185 shares of the company’s stock, valued at $469,940.90. The disclosure for this sale can be found here. Insiders sold a total of 230,861 shares of company stock valued at $2,550,422 over the last ninety days. 13.89% of the stock is currently owned by insiders.
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American Software 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.
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