American Software, Inc. (NASDAQ:AMSWA) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 520,600 shares, an increase of 7.6% from the May 15th total of 483,800 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 70,900 shares, the short-interest ratio is presently 7.3 days.
Several research firms recently commented on AMSWA. William Blair restated an “outperform” rating on shares of American Software in a research report on Thursday, June 20th. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Zacks Investment Research lowered General Finance from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. American Software presently has a consensus rating of “Hold” and an average price target of $13.01.
Shares of AMSWA traded up $0.02 during trading hours on Friday, hitting $13.30. 46,601 shares of the company were exchanged, compared to its average volume of 83,142. The company has a market capitalization of $413.95 million, a P/E ratio of 47.50 and a beta of 0.63. The business’s fifty day moving average is $13.48. American Software has a one year low of $8.99 and a one year high of $18.94.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.31%. American Software’s dividend payout ratio (DPR) is presently 157.14%.
In related news, insider Bryan L. Sell sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $13.13, for a total value of $52,520.00. Following the sale, the insider now directly owns 4,000 shares in the company, valued at approximately $52,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J Michael Edenfield sold 6,020 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $14.36, for a total value of $86,447.20. Following the completion of the sale, the director now owns 421,743 shares in the company, valued at $6,056,229.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,310 shares of company stock worth $353,135. 11.24% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in AMSWA. Deprince Race & Zollo Inc. raised its holdings in shares of American Software by 468.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 893,442 shares of the software maker’s stock worth $9,336,000 after acquiring an additional 736,266 shares in the last quarter. Martingale Asset Management L P raised its holdings in American Software by 200.4% during the first quarter. Martingale Asset Management L P now owns 175,415 shares of the software maker’s stock valued at $2,097,000 after buying an additional 117,015 shares in the last quarter. Victory Capital Management Inc. bought a new position in American Software during the first quarter valued at about $909,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in American Software by 2.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,625,468 shares of the software maker’s stock valued at $31,374,000 after buying an additional 72,845 shares in the last quarter. Finally, Norges Bank bought a new position in American Software during the fourth quarter valued at about $712,000. Institutional investors and hedge funds own 79.21% of the company’s stock.
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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