PFG Investments LLC Buys Shares of 106,500 American Software, Inc. (NASDAQ:AMSWA)

PFG Investments LLC acquired a new stake in American Software, Inc. (NASDAQ:AMSWA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 106,500 shares of the software maker’s stock, valued at approximately $1,192,000.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com began coverage on shares of American Software in a research note on Thursday. They issued a “buy” rating for the company. Maxim Group boosted their price objective on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd.

American Software Trading Down 2.1 %

American Software stock opened at $10.95 on Monday. The stock has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76. The company has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $10.31. American Software, Inc. has a 12-month low of $8.41 and a 12-month high of $12.27.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a return on equity of 8.98% and a net margin of 10.39%. 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 company posted $0.08 earnings per share. As a group, sell-side analysts forecast that American Software, Inc. will post 0.19 earnings per share for the current fiscal year.

American Software Announces Dividend

The business also recently disclosed 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 yield of 4.02%. American Software’s dividend payout ratio is presently 129.41%.

American Software 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 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.