American Software, Inc. (NASDAQ:AMSWA) Insider Sells $151,200.00 in Stock

American Software, Inc. (NASDAQ:AMSWA) insider James R. Mcguone sold 9,600 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $15.75, for a total transaction of $151,200.00. Following the sale, the insider now owns 4,800 shares in the company, valued at $75,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

AMSWA stock opened at $16.78 on Friday. American Software, Inc. has a 52-week low of $9.05 and a 52-week high of $21.48. The company’s 50 day simple moving average is $17.95 and its 200-day simple moving average is $15.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market capitalization of $505.80 million, a P/E ratio of 60.88 and a beta of 0.56.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, June 18th. The software maker reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). American Software had a net margin of 5.84% and a return on equity of 6.93%. The firm had revenue of $29.27 million for the quarter, compared to analyst estimates of $28.41 million. Sell-side analysts predict that American Software, Inc. will post 0.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.62%. American Software’s dividend payout ratio is currently 169.23%.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after purchasing an additional 1,075 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in American Software during the fourth quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in American Software by 69.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,588 shares of the software maker’s stock valued at $51,000 after purchasing an additional 1,470 shares in the last quarter. Bank of Montreal Can grew its position in American Software by 22.3% during the fourth quarter. Bank of Montreal Can now owns 6,153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 1,120 shares in the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new position in American Software during the first quarter valued at approximately $112,000. Institutional investors and hedge funds own 76.89% of the company’s stock.

A number of analysts recently commented on the stock. TheStreet downgraded shares of American Software from a “b-” rating to a “c+” rating in a report on Thursday, June 18th. BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Investment Research downgraded shares of American Software from a “hold” rating to a “sell” rating in a report on Friday, June 26th. Finally, B. Riley boosted their target price on shares of American Software from $19.50 to $22.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.00.

About American Software

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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Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

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