American Software, Inc. (NASDAQ:AMSWA) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its stake in American Software, Inc. (NASDAQ:AMSWA) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,456 shares of the software maker’s stock after selling 19,166 shares during the period. Eagle Asset Management Inc.’s holdings in American Software were worth $4,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AMSWA. First Trust Advisors LP raised its stake in American Software by 34.3% during the third quarter. First Trust Advisors LP now owns 67,001 shares of the software maker’s stock valued at $1,006,000 after buying an additional 17,126 shares in the last quarter. Teton Advisors Inc. raised its stake in American Software by 1.3% during the third quarter. Teton Advisors Inc. now owns 227,380 shares of the software maker’s stock valued at $3,415,000 after buying an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in American Software during the third quarter valued at approximately $90,000. California Public Employees Retirement System raised its stake in American Software by 46.0% during the third quarter. California Public Employees Retirement System now owns 103,614 shares of the software maker’s stock valued at $1,556,000 after buying an additional 32,625 shares in the last quarter. Finally, Usca Ria LLC acquired a new stake in American Software during the third quarter valued at approximately $29,000. 77.60% of the stock is currently owned by institutional investors.

In related news, Director J Michael Edenfield sold 6,200 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $15.20, for a total value of $94,240.00. Following the completion of the transaction, the director now directly owns 421,923 shares of the company’s stock, valued at approximately $6,413,229.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James R. Mcguone sold 9,600 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $15.43, for a total value of $148,128.00. Following the completion of the transaction, the insider now directly owns 9,600 shares of the company’s stock, valued at $148,128. The disclosure for this sale can be found here. Insiders have sold 183,162 shares of company stock valued at $2,768,661 over the last ninety days. Corporate insiders own 11.19% of the company’s stock.

Several analysts have issued reports on the company. B. Riley upgraded American Software from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.00 to $17.00 in a research note on Thursday, August 29th. BidaskClub cut American Software from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Finally, ValuEngine cut American Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.68.

Shares of NASDAQ:AMSWA traded up $0.09 during trading on Wednesday, hitting $16.74. 726 shares of the company traded hands, compared to its average volume of 74,821. The stock has a market capitalization of $520.36 million, a price-to-earnings ratio of 59.79 and a beta of 0.53. The business’s fifty day moving average is $15.71 and its 200-day moving average is $14.19. American Software, Inc. has a one year low of $8.99 and a one year high of $16.88. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.02.

American Software (NASDAQ:AMSWA) last posted its earnings results on Wednesday, August 28th. The software maker reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The company 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%. On average, analysts forecast that American Software, Inc. will post 0.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, November 21st. American Software’s dividend payout ratio (DPR) is presently 157.14%.

American Software 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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Institutional Ownership by Quarter for American Software (NASDAQ:AMSWA)

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