Martingale Asset Management L P reduced its stake in shares of American Software, Inc. (NASDAQ:AMSWA) by 50.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,400 shares of the software maker’s stock after selling 59,213 shares during the period. Martingale Asset Management L P’s holdings in American Software were worth $611,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of American Software by 1.0% during the fourth quarter. BlackRock Inc. now owns 1,975,477 shares of the software maker’s stock valued at $20,644,000 after purchasing an additional 18,855 shares during the period. New York State Common Retirement Fund increased its position in shares of American Software by 1.1% during the fourth quarter. New York State Common Retirement Fund now owns 512,046 shares of the software maker’s stock valued at $5,351,000 after purchasing an additional 5,815 shares during the period. First Trust Advisors LP increased its position in shares of American Software by 18.9% during the fourth quarter. First Trust Advisors LP now owns 49,283 shares of the software maker’s stock valued at $515,000 after purchasing an additional 7,850 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of American Software by 10.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,552,623 shares of the software maker’s stock valued at $26,675,000 after purchasing an additional 239,792 shares during the period. Finally, Algert Global LLC bought a new stake in shares of American Software during the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 77.27% of the company’s stock.
In other news, Director Dennis Hogue sold 3,000 shares of the company’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $9.23, for a total transaction of $27,690.00. Following the transaction, the director now owns 28,124 shares of the company’s stock, valued at $259,584.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President H Allan Dow sold 68,194 shares of the company’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $9.84, for a total value of $671,028.96. Following the transaction, the president now directly owns 124,348 shares in the company, valued at approximately $1,223,584.32. The disclosure for this sale can be found here. Insiders have sold 106,066 shares of company stock worth $1,104,640 in the last ninety days. 11.24% of the stock is currently owned by insiders.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Wednesday, February 20th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, research analysts expect that American Software, Inc. will post 0.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, May 9th. American Software’s dividend payout ratio (DPR) is presently 122.22%.
A number of analysts have recently issued reports on AMSWA shares. B. Riley set a $12.00 price objective on American Software and gave the company a “hold” rating in a research report on Wednesday, November 28th. Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. ValuEngine cut American Software from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Finally, BidaskClub upgraded American Software from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.50.
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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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