American Software, Inc. (NASDAQ:AMSWA) – Stock analysts at B. Riley lowered their Q3 2018 EPS estimates for shares of American Software in a report issued on Friday. B. Riley analyst K. Liu now expects that the software maker will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.06. B. Riley currently has a “Buy” rating and a $14.00 target price on the stock. B. Riley also issued estimates for American Software’s Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.28 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.33 EPS.
Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of American Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. BidaskClub lowered shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday.
Shares of American Software (NASDAQ:AMSWA) traded down $0.07 during mid-day trading on Monday, hitting $11.71. 94,800 shares of the stock were exchanged, compared to its average volume of 67,575. The company has a market cap of $350.18, a PE ratio of 19.97 and a beta of 0.81. American Software has a 12 month low of $9.00 and a 12 month high of $13.05.
Several hedge funds have recently added to or reduced their stakes in AMSWA. Citadel Advisors LLC bought a new position in American Software during the second quarter worth $133,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in American Software during the third quarter worth $137,000. GSA Capital Partners LLP raised its stake in American Software by 5.4% during the second quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock worth $140,000 after buying an additional 700 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in American Software in the second quarter worth $142,000. Finally, Commonwealth Equity Services Inc acquired a new stake in American Software in the third quarter worth $167,000. 75.71% of the stock is owned by hedge funds and other institutional investors.
In related news, 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 value of $80,040.90. Following the completion of the transaction, the chief financial officer now owns 42,185 shares of the company’s stock, valued at approximately $469,940.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dennis Hogue sold 9,707 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $10.78, for a total transaction of $104,641.46. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $161,700. The disclosure for this sale can be found here. Insiders have sold a total of 136,595 shares of company stock worth $1,511,067 in the last quarter. 13.89% of the stock is currently owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.44 annualized dividend and a dividend yield of 3.76%. American Software’s dividend payout ratio is 74.58%.
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About American Software
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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