Vanguard Group Inc. Boosts Stake in American Software, Inc. (NASDAQ:AMSWA)

Vanguard Group Inc. raised its position in American Software, Inc. (NASDAQ:AMSWA) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,442,535 shares of the software maker’s stock after buying an additional 115,149 shares during the quarter. Vanguard Group Inc. owned about 4.60% of American Software worth $18,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMSWA. FMR LLC raised its stake in shares of American Software by 107.5% during the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after purchasing an additional 1,075 shares during the period. Bank of Montreal Can grew its position in American Software by 206.5% during the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after buying an additional 2,387 shares in the last quarter. Aperio Group LLC purchased a new position in American Software during the second quarter worth about $67,000. JPMorgan Chase & Co. grew its position in American Software by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock worth $105,000 after buying an additional 946 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in American Software during the first quarter worth about $156,000. Hedge funds and other institutional investors own 77.47% of the company’s stock.

AMSWA traded up $0.30 during midday trading on Friday, reaching $16.59. 58,200 shares of the company’s stock traded hands, compared to its average volume of 75,056. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.60. The stock has a market capitalization of $514.72 million, a price-to-earnings ratio of 59.25 and a beta of 0.53. The firm has a fifty day moving average of $15.63 and a two-hundred day moving average of $14.13. American Software, Inc. has a 52 week low of $8.99 and a 52 week high of $16.59.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $27.38 million during the quarter, compared to analyst estimates of $27.49 million. American Software had a return on equity of 7.57% and a net margin of 6.04%. Sell-side analysts forecast that American Software, Inc. will post 0.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, November 21st. American Software’s dividend payout ratio (DPR) is 157.14%.

In related news, CFO Vincent C. Klinges sold 3,231 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $15.21, for a total value of $49,143.51. Following the completion of the transaction, the chief financial officer now owns 100,069 shares of the company’s stock, valued at $1,522,049.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James R. Mcguone sold 9,600 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $15.43, for a total value of $148,128.00. Following the transaction, the insider now directly owns 9,600 shares in the company, valued at $148,128. The disclosure for this sale can be found here. Insiders sold 183,162 shares of company stock valued at $2,768,661 in the last three months. 11.19% of the stock is currently owned by insiders.

Several equities analysts recently commented on the company. BidaskClub cut American Software from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. B. Riley upgraded American Software from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $17.00 in a report on Thursday, August 29th. Finally, ValuEngine cut American Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $14.68.

American Software Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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Institutional Ownership by Quarter for American Software (NASDAQ:AMSWA)

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