Deprince Race & Zollo Inc. Has $9.34 Million Stock Position in American Software, Inc. (NASDAQ:AMSWA)

Deprince Race & Zollo Inc. lowered its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,022,775 shares of the software maker’s stock after selling 62,566 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in American Software were worth $9,338,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Foundry Partners LLC acquired a new stake in shares of American Software in the first quarter valued at about $3,852,000. Cove Street Capital LLC lifted its stake in American Software by 48.4% in the 4th quarter. Cove Street Capital LLC now owns 570,953 shares of the software maker’s stock valued at $6,452,000 after purchasing an additional 186,133 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in American Software by 44.6% during the fourth quarter. Eagle Asset Management Inc. now owns 480,697 shares of the software maker’s stock worth $5,432,000 after purchasing an additional 148,368 shares during the period. 272 Capital LP increased its position in American Software by 36.7% during the second quarter. 272 Capital LP now owns 438,701 shares of the software maker’s stock worth $4,005,000 after buying an additional 117,837 shares during the last quarter. Finally, Isthmus Partners LLC lifted its position in shares of American Software by 49.8% in the first quarter. Isthmus Partners LLC now owns 276,616 shares of the software maker’s stock valued at $3,167,000 after buying an additional 92,006 shares during the last quarter. 76.98% of the stock is owned by institutional investors.

American Software Stock Up 0.4 %

American Software stock opened at $10.95 on Friday. The company’s 50-day moving average price is $10.65 and its two-hundred day moving average price is $10.39. The stock has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76. American Software, Inc. has a twelve month low of $8.41 and a twelve month high of $12.27.

American Software (NASDAQ:AMSWA) last announced its 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 company had revenue of $26.19 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.08 earnings per share. Equities analysts anticipate that American Software, Inc. will post 0.19 earnings per share for the current fiscal year.

American Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued 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 4.02%. American Software’s dividend payout ratio is presently 129.41%.

Analyst Upgrades and Downgrades

AMSWA has been the topic of a number of recent analyst reports. Maxim Group boosted their target price on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley decreased their price objective on shares of American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, June 7th.

Insider Activity

In related news, Director James B. Miller, Jr. acquired 3,718 shares of the stock in a transaction 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 purchase, the director now directly owns 719 shares in the company, valued at $6,578.85. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.37% of the stock is owned by company insiders.

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.