Matarin Capital Management LLC Takes $274,000 Position in American Software, Inc. (AMSWA)
Matarin Capital Management LLC purchased a new position in shares of American Software, Inc. (NASDAQ:AMSWA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,589 shares of the software maker’s stock, valued at approximately $274,000. Matarin Capital Management LLC owned 0.07% of American Software as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Strs Ohio raised its stake in American Software by 9.4% during the third quarter. Strs Ohio now owns 58,000 shares of the software maker’s stock worth $703,000 after purchasing an additional 5,000 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of American Software by 13.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,761 shares of the software maker’s stock valued at $900,000 after acquiring an additional 7,300 shares during the period. Millennium Management LLC raised its stake in shares of American Software by 6.3% in the 2nd quarter. Millennium Management LLC now owns 124,757 shares of the software maker’s stock valued at $1,818,000 after acquiring an additional 7,426 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of American Software by 59.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,975 shares of the software maker’s stock valued at $254,000 after acquiring an additional 7,860 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of American Software by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 527,069 shares of the software maker’s stock valued at $7,679,000 after acquiring an additional 10,179 shares during the period. 76.67% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. B. Riley set a $12.00 target price on shares of American Software and gave the company a “hold” rating in a research note on Wednesday, November 28th. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. TheStreet downgraded shares of American Software from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. Finally, ValuEngine downgraded shares of American Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. American Software currently has a consensus rating of “Hold” and an average price target of $14.50.
American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, November 29th. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. American Software had a net margin of 8.25% and a return on equity of 8.28%. The firm had revenue of $28.03 million for the quarter, compared to the consensus estimate of $28.59 million. As a group, analysts expect that American Software, Inc. will post 0.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.43%. The ex-dividend date is Thursday, February 7th. American Software’s dividend payout ratio (DPR) is 122.22%.
In related news, Chairman James C. Edenfield sold 9,100 shares of American Software stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $10.45, for a total transaction of $95,095.00. Following the sale, the chairman now owns 69,100 shares of the company’s stock, valued at approximately $722,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James C. Edenfield sold 2,800 shares of American Software stock in a transaction on Monday, December 10th. The stock was sold at an average price of $10.61, for a total transaction of $29,708.00. Following the sale, the insider now directly owns 62,800 shares in the company, valued at approximately $666,308. The disclosure for this sale can be found here. Insiders have sold a total of 13,706 shares of company stock worth $143,802 in the last ninety days. 11.24% of the stock is currently owned by insiders.
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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.
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