Bank of New York Mellon Corp Sells 2,250 Shares of American Software, Inc. (NASDAQ:AMSWA)

Bank of New York Mellon Corp lessened its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 355,055 shares of the software maker’s stock after selling 2,250 shares during the period. Bank of New York Mellon Corp owned 1.07% of American Software worth $3,242,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMSWA. Price T Rowe Associates Inc. MD grew its holdings in shares of American Software by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,651 shares of the software maker’s stock valued at $397,000 after buying an additional 1,976 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of American Software by 15.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock valued at $211,000 after buying an additional 2,500 shares during the period. Independent Advisor Alliance grew its holdings in shares of American Software by 2.9% in the 4th quarter. Independent Advisor Alliance now owns 116,923 shares of the software maker’s stock valued at $1,321,000 after buying an additional 3,320 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of American Software by 20.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock valued at $276,000 after buying an additional 4,111 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of American Software by 14.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 44,961 shares of the software maker’s stock valued at $508,000 after buying an additional 5,605 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMSWA. Maxim Group upped their target price on shares of 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 reduced 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 note on Friday, June 7th.

American Software Stock Performance

Shares of AMSWA opened at $10.95 on Monday. American Software, Inc. has a 52 week low of $8.41 and a 52 week high of $12.27. The firm has a market cap of $405.26 million, a P/E ratio of 32.21 and a beta of 0.76. The firm’s 50-day simple moving average is $10.39 and its 200 day simple moving average is $10.40.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The business had revenue of $26.19 million for the quarter, compared to analyst estimates of $24.89 million. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, equities analysts forecast that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.02%. American Software’s payout ratio is presently 129.42%.

Insiders Place Their Bets

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

About American Software

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.