American Software, Inc. (NASDAQ:AMSWA) insider Bryan L. Sell sold 8,000 shares of American Software stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the insider now owns 4,000 shares in the company, valued at $46,760. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
American Software, Inc. (NASDAQ AMSWA) opened at $12.97 on Friday. The firm has a market cap of $389.26, a P/E ratio of 21.88 and a beta of 0.81. American Software, Inc. has a 1 year low of $9.00 and a 1 year high of $13.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Thursday, February 8th. American Software’s dividend payout ratio is currently 74.58%.
Several equities analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $14.00 target price (up previously from $12.25) on shares of American Software in a research note on Tuesday, November 28th. Zacks Investment Research cut shares of American Software from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub cut shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.
Several hedge funds have recently bought and sold shares of the stock. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of American Software by 36.5% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 246,544 shares of the software maker’s stock worth $2,867,000 after purchasing an additional 65,974 shares during the period. Algert Global LLC acquired a new stake in shares of American Software during the third quarter worth approximately $268,000. Dimensional Fund Advisors LP boosted its holdings in shares of American Software by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 987,406 shares of the software maker’s stock worth $11,217,000 after purchasing an additional 41,658 shares during the period. Cadence Capital Management LLC boosted its holdings in shares of American Software by 5.1% during the third quarter. Cadence Capital Management LLC now owns 97,092 shares of the software maker’s stock worth $1,103,000 after purchasing an additional 4,674 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of American Software during the third quarter worth approximately $274,000. Institutional investors and hedge funds own 74.71% of the company’s stock.
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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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