Dalton Greiner Hartman Maher & Co. Has $3.67 Million Position in American Software, Inc. (AMSWA)
Dalton Greiner Hartman Maher & Co. increased its stake in American Software, Inc. (NASDAQ:AMSWA) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 306,670 shares of the software maker’s stock after buying an additional 25,931 shares during the quarter. Dalton Greiner Hartman Maher & Co. owned about 0.99% of American Software worth $3,665,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY lifted its position in American Software by 413.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,280 shares of the software maker’s stock worth $97,000 after buying an additional 7,474 shares during the last quarter. Millennium Management LLC bought a new stake in American Software in the fourth quarter worth $117,000. Algert Global LLC bought a new stake in American Software in the fourth quarter worth $207,000. MetLife Investment Advisors LLC lifted its position in American Software by 58.6% in the third quarter. MetLife Investment Advisors LLC now owns 20,235 shares of the software maker’s stock worth $245,000 after buying an additional 7,474 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in American Software by 59.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,975 shares of the software maker’s stock worth $254,000 after buying an additional 7,860 shares during the last quarter. Institutional investors own 77.07% of the company’s stock.
A number of analysts recently issued reports on AMSWA shares. BidaskClub upgraded American Software from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, February 14th. ValuEngine downgraded American Software from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Finally, William Blair started coverage on American Software in a research report on Wednesday, April 3rd. They issued an “outperform” rating and a $12.03 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.34.
American Software (NASDAQ:AMSWA) last released its earnings results on Wednesday, February 20th. The software maker reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. American Software had a return on equity of 6.80% and a net margin of 5.54%. The business had revenue of $27.00 million for the quarter, compared to analyst estimates of $28.91 million. As a group, sell-side analysts expect that American Software, Inc. will post 0.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.44 dividend on an annualized basis and a yield of 3.48%. American Software’s payout ratio is 122.22%.
In other news, insider James R. Mcguone sold 8,800 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $11.64, for a total transaction of $102,432.00. Following the transaction, the insider now owns 4,800 shares in the company, valued at $55,872. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vincent C. Klinges sold 19,072 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $11.76, for a total value of $224,286.72. Following the transaction, the chief financial officer now owns 115,910 shares in the company, valued at approximately $1,363,101.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,584 shares of company stock worth $1,521,784. Insiders own 11.24% of the company’s stock.
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About American Software
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.
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