American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 1,700 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $25,500.00. Following the transaction, the director now owns 417,423 shares of the company’s stock, valued at approximately $6,261,345. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, September 3rd, J Michael Edenfield sold 6,200 shares of American Software stock. The stock was sold at an average price of $15.20, for a total value of $94,240.00.
  • On Friday, June 28th, J Michael Edenfield sold 8,437 shares of American Software stock. The stock was sold at an average price of $13.16, for a total value of $111,030.92.
  • On Wednesday, June 26th, J Michael Edenfield sold 3,853 shares of American Software stock. The stock was sold at an average price of $13.22, for a total value of $50,936.66.
  • On Monday, June 24th, J Michael Edenfield sold 6,020 shares of American Software stock. The stock was sold at an average price of $14.36, for a total value of $86,447.20.

Shares of AMSWA traded up $0.04 during midday trading on Friday, reaching $14.88. The stock had a trading volume of 99,605 shares, compared to its average volume of 70,484. American Software, Inc. has a 52 week low of $8.99 and a 52 week high of $16.06. The firm’s 50 day moving average price is $13.93 and its 200-day moving average price is $13.04. The company has a market capitalization of $465.31 million, a P/E ratio of 53.14 and a beta of 0.56.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Wednesday, August 28th. The software maker reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. American Software had a return on equity of 7.57% and a net margin of 6.04%. The company had revenue of $27.38 million for the quarter, compared to the consensus estimate of $27.49 million. Sell-side analysts expect that American Software, Inc. will post 0.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, November 21st. American Software’s dividend payout ratio is presently 157.14%.

A number of research firms have recently commented on AMSWA. BidaskClub downgraded American Software from a “buy” rating to a “hold” rating in a research note on Friday. William Blair reissued an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. B. Riley raised American Software from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $17.00 in a research note on Thursday, August 29th. Finally, ValuEngine raised American Software from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $14.68.

Several institutional investors and hedge funds have recently bought and sold shares of AMSWA. FMR LLC raised its stake in shares of American Software by 107.5% in the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after buying an additional 1,075 shares in the last quarter. Bank of Montreal Can raised its stake in shares of American Software by 206.5% in the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after buying an additional 2,387 shares in the last quarter. Aperio Group LLC bought a new stake in shares of American Software in the 2nd quarter worth $67,000. BNP Paribas Arbitrage SA raised its position in shares of American Software by 2,671.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock worth $72,000 after purchasing an additional 5,770 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of American Software by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock worth $105,000 after purchasing an additional 946 shares during the period. 76.20% of the stock is currently owned by institutional investors.

American Software Company Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning 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.

Further Reading: Sell-Side Analysts

Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

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