American Software, Inc. (NASDAQ:AMSWA) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Stockholders of record on Friday, August 14th will be given a dividend of 0.11 per share by the software maker on Friday, August 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, August 13th.
American Software has a dividend payout ratio of 133.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Software to earn $0.25 per share next year, which means the company may not be able to cover its $0.44 annual dividend with an expected future payout ratio of 176.0%.
Shares of NASDAQ:AMSWA traded up $0.01 during trading on Friday, reaching $17.22. 29,367 shares of the stock traded hands, compared to its average volume of 197,254. The stock has a 50-day moving average of $15.44 and a two-hundred day moving average of $15.27. American Software has a 52-week low of $9.05 and a 52-week high of $19.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.63 and a current ratio of 2.63. The stock has a market cap of $549.86 million, a P/E ratio of 69.12 and a beta of 0.50.
A number of research analysts recently weighed in on AMSWA shares. Zacks Investment Research upgraded shares of American Software from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, March 20th. TheStreet upgraded shares of American Software from a “c+” rating to a “b-” rating in a research report on Thursday, February 20th. B. Riley upgraded shares of American Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $19.50 in a research report on Friday, February 21st. Finally, BidaskClub upgraded shares of American Software from a “hold” rating to a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $15.75.
In other American Software news, Chairman James C. Edenfield sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $18.82, for a total value of $338,760.00. Following the transaction, the chairman now directly owns 78,000 shares in the company, valued at $1,467,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent C. Klinges sold 12,150 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $16.76, for a total transaction of $203,634.00. Following the completion of the transaction, the chief financial officer now owns 108,988 shares in the company, valued at $1,826,638.88. The disclosure for this sale can be found here. 11.19% of the stock is currently owned by company insiders.
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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