American Software, Inc. (NASDAQ:AMSWA) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 38.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,160 shares of the software maker’s stock after selling 93,789 shares during the quarter. AQR Capital Management LLC owned 0.45% of American Software worth $1,353,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. lifted its position in American Software by 158.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,344 shares of the software maker’s stock valued at $58,000 after purchasing an additional 3,890 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of American Software by 720.0% during the second quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker’s stock valued at $60,000 after acquiring an additional 5,767 shares during the period. Lazard Asset Management LLC purchased a new position in American Software during the 1st quarter valued at about $92,000. EntryPoint Capital LLC acquired a new stake in American Software in the first quarter valued at approximately $103,000. Finally, Cornerstone Investment Partners LLC bought a new stake in American Software during the first quarter worth approximately $168,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

American Software Trading Down 2.1 %

Shares of NASDAQ AMSWA opened at $10.95 on Friday. The stock has a 50 day moving average of $10.79 and a 200-day moving average of $10.37. The company has a market capitalization of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76. American Software, Inc. has a 12 month low of $8.41 and a 12 month high of $12.27.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, topping 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 company had revenue of $26.19 million for the quarter, compared to analysts’ expectations of $24.89 million. During the same quarter last year, the business earned $0.08 earnings per share. Analysts predict that American Software, Inc. will post 0.19 EPS for the current fiscal year.

American Software Announces Dividend

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

Wall Street Analysts Forecast Growth

AMSWA has been the topic of several research reports. StockNews.com lowered American Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Maxim Group upped their target price 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.

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.