American Software (NASDAQ:AMSWA) Shares Pass Above Two Hundred Day Moving Average of $10.41

Shares of American Software, Inc. (NASDAQ:AMSWA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.41 and traded as high as $11.01. American Software shares last traded at $10.91, with a volume of 147,757 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on AMSWA. Maxim Group increased their price target on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. B. Riley decreased their target price on shares of American Software from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, June 7th.

American Software Stock Down 0.5 %

The business has a 50-day simple moving average of $10.21 and a two-hundred day simple moving average of $10.41. The stock has a market capitalization of $363.10 million, a price-to-earnings ratio of 32.09 and a beta of 0.71.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. American Software had a return on equity of 8.93% and a net margin of 10.39%. The company had revenue of $26.19 million for the quarter, compared to the consensus estimate of $24.89 million. During the same quarter in the previous year, the business earned $0.08 EPS. On average, analysts forecast that American Software, Inc. will post 0.19 EPS for the current year.

American Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 4.03%. American Software’s dividend payout ratio (DPR) is 129.41%.

Insider Transactions at American Software

In related news, Director James B. Miller, Jr. purchased 3,718 shares of the company’s stock in a transaction on Monday, July 1st. The shares were bought at an average price of $9.15 per share, with a total value of $34,019.70. Following the completion of the acquisition, the director now owns 719 shares of the company’s stock, valued at $6,578.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director James B. Miller, Jr. acquired 3,718 shares of American Software stock in a transaction on Monday, July 1st. The stock was bought at an average cost of $9.15 per share, with a total value of $34,019.70. Following the completion of the purchase, the director now owns 719 shares of the company’s stock, valued at $6,578.85. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew G. Mckenna bought 5,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average cost of $8.53 per share, for a total transaction of $42,650.00. Following the completion of the transaction, the director now owns 37,350 shares of the company’s stock, valued at $318,595.50. The disclosure for this purchase can be found here. Corporate insiders own 11.37% of the company’s stock.

Institutional Trading of American Software

Several hedge funds and other institutional investors have recently modified their holdings of the business. Investors Asset Management of Georgia Inc. GA ADV grew its position in American Software by 0.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 155,189 shares of the software maker’s stock valued at $1,417,000 after purchasing an additional 950 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of American Software by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 18,379 shares of the software maker’s stock valued at $168,000 after acquiring an additional 1,633 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of American Software by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,651 shares of the software maker’s stock worth $397,000 after acquiring an additional 1,976 shares during the last quarter. Connors Investor Services Inc. raised its holdings in shares of American Software by 10.0% during the second quarter. Connors Investor Services Inc. now owns 22,000 shares of the software maker’s stock worth $201,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in American Software by 15.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock valued at $211,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

American Software Company Profile

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.