Cubist Systematic Strategies LLC Has $540,000 Stock Holdings in American Software, Inc. (NASDAQ:AMSWA)

Cubist Systematic Strategies LLC raised its holdings in American Software, Inc. (NASDAQ:AMSWA) by 172.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,157 shares of the software maker’s stock after buying an additional 37,439 shares during the period. Cubist Systematic Strategies LLC’s holdings in American Software were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AMSWA. Campbell & CO Investment Adviser LLC boosted its position in shares of American Software by 14.2% during the fourth 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 last quarter. Wellington Management Group LLP boosted its holdings in American Software by 2.1% during the 4th quarter. Wellington Management Group LLP now owns 342,125 shares of the software maker’s stock worth $3,866,000 after acquiring an additional 7,100 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 worth $211,000 after acquiring an additional 2,500 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of American Software in the first quarter valued at about $168,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of American Software by 20.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock valued at $276,000 after purchasing an additional 4,111 shares in the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMSWA has been the subject of a number of recent analyst reports. StockNews.com raised shares of American Software from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 30th. Maxim Group upped their target price on American Software from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, B. Riley decreased their price target on 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 Performance

AMSWA opened at $10.95 on Friday. American Software, Inc. has a fifty-two week low of $8.41 and a fifty-two week high of $12.27. The firm has a 50-day moving average of $10.78 and a 200 day moving average of $10.38. The firm has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76.

American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share 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 firm had revenue of $26.19 million during the quarter, compared to the consensus estimate of $24.89 million. During the same period in the prior year, the firm earned $0.08 EPS. Equities research analysts predict that American Software, Inc. will post 0.19 earnings per share for the current fiscal year.

American Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 4.02%. American Software’s payout ratio is presently 129.41%.

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 two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.