Ballentine Partners LLC Buys New Position in American Software, Inc. (NASDAQ:AMSWA)

Ballentine Partners LLC bought a new stake in American Software, Inc. (NASDAQ:AMSWA) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 11,928 shares of the software maker’s stock, valued at approximately $133,000.

Several other institutional investors have also recently added to or reduced their stakes in AMSWA. Foundry Partners LLC acquired a new position in shares of American Software during the 1st quarter valued at about $3,852,000. Vanguard Group Inc. increased its stake in shares of American Software by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,429,019 shares of the software maker’s stock valued at $27,812,000 after acquiring an additional 53,284 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of American Software during the 1st quarter valued at about $868,000. 272 Capital LP increased its stake in shares of American Software by 36.7% during the 2nd quarter. 272 Capital LP now owns 438,701 shares of the software maker’s stock valued at $4,005,000 after acquiring an additional 117,837 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of American Software by 20.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock valued at $276,000 after acquiring an additional 4,111 shares during the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Maxim Group upped their price objective on shares of American Software from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. StockNews.com initiated coverage on shares of American Software in a research report on Thursday, October 24th. They set a “buy” rating for the company.

American Software Stock Performance

AMSWA opened at $10.95 on Thursday. The firm has a 50 day moving average price of $10.97 and a 200 day moving average price of $10.30. The company has a market cap of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. American Software, Inc. has a 1 year low of $8.41 and a 1 year high of $12.27.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $26.19 million during the quarter, compared to analysts’ expectations of $24.89 million. American Software had a return on equity of 8.98% and a net margin of 10.39%. During the same quarter in the prior year, the business earned $0.08 EPS. On average, sell-side analysts predict that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, November 15th. 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.