American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 6,200 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $15.20, for a total transaction of $94,240.00. Following the transaction, the director now owns 421,923 shares in the company, valued at $6,413,229.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, September 5th, J Michael Edenfield sold 1,700 shares of American Software stock. The shares were sold at an average price of $15.00, for a total transaction of $25,500.00.
  • On Friday, June 28th, J Michael Edenfield sold 8,437 shares of American Software stock. The shares were sold at an average price of $13.16, for a total transaction of $111,030.92.
  • On Wednesday, June 26th, J Michael Edenfield sold 3,853 shares of American Software stock. The shares were sold at an average price of $13.22, for a total transaction of $50,936.66.
  • On Monday, June 24th, J Michael Edenfield sold 6,020 shares of American Software stock. The shares were sold at an average price of $14.36, for a total transaction of $86,447.20.

NASDAQ:AMSWA opened at $14.88 on Friday. The firm has a market cap of $465.31 million, a PE ratio of 53.00 and a beta of 0.56. American Software, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $16.06. The business has a 50 day moving average price of $13.93 and a 200-day moving average price of $13.04.

American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Wednesday, August 28th. The software maker reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $27.38 million during the quarter, compared to analyst estimates of $27.49 million. American Software had a return on equity of 7.57% and a net margin of 6.04%. As a group, equities research analysts forecast that American Software, Inc. will post 0.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 yield of 2.96%. The ex-dividend date of this dividend is Thursday, November 21st. American Software’s payout ratio is 157.14%.

AMSWA has been the topic of a number of recent research reports. ValuEngine upgraded shares of American Software from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 26th. Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. BidaskClub lowered American Software from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley raised American Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.00 to $17.00 in a research note on Thursday, August 29th. Finally, William Blair reissued an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.68.

Hedge funds have recently made changes to their positions in the stock. Granite Investment Partners LLC lifted its position in American Software by 86.9% during the first quarter. Granite Investment Partners LLC now owns 89,059 shares of the software maker’s stock valued at $1,065,000 after buying an additional 41,399 shares during the period. Norges Bank purchased a new position in American Software during the fourth quarter valued at $712,000. Bessemer Group Inc. lifted its position in American Software by 1.5% during the second quarter. Bessemer Group Inc. now owns 102,500 shares of the software maker’s stock valued at $1,348,000 after buying an additional 1,500 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in American Software by 42.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 23,440 shares of the software maker’s stock valued at $280,000 after buying an additional 6,973 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in American Software by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,155,992 shares of the software maker’s stock valued at $12,080,000 after buying an additional 15,304 shares during the period. 76.20% of the stock is owned by institutional investors.

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

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