American Software, Inc. (NASDAQ:AMSWA – Get Rating) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totaling 496,100 shares, a growth of 10.1% from the February 28th total of 450,600 shares. Based on an average trading volume of 148,200 shares, the short-interest ratio is presently 3.3 days.
American Software Stock Up 2.7 %
NASDAQ:AMSWA opened at $12.61 on Friday. The firm’s fifty day simple moving average is $13.89 and its 200 day simple moving average is $14.76. American Software has a twelve month low of $11.63 and a twelve month high of $21.64. The stock has a market cap of $425.97 million, a P/E ratio of 39.41 and a beta of 0.83.
American Software (NASDAQ:AMSWA – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $31.01 million during the quarter, compared to analyst estimates of $31.00 million. American Software had a return on equity of 8.67% and a net margin of 8.67%. During the same quarter last year, the firm posted $0.09 earnings per share. On average, analysts expect that American Software will post 0.27 EPS for the current fiscal year.
American Software Announces Dividends
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 17th. Investors of record on Wednesday, May 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Tuesday, May 2nd. American Software’s dividend payout ratio (DPR) is currently 137.50%.
Insider Activity
In other news, CFO Vincent C. Klinges sold 17,495 shares of American Software stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $13.76, for a total transaction of $240,731.20. Following the completion of the sale, the chief financial officer now owns 100,838 shares in the company, valued at approximately $1,387,530.88. The sale was disclosed in a filing with the SEC, which can be accessed via this link. In related news, CFO Vincent C. Klinges sold 17,495 shares of American Software stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $13.76, for a total value of $240,731.20. Following the sale, the chief financial officer now owns 100,838 shares of the company’s stock, valued at approximately $1,387,530.88. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. Also, CFO Vincent C. Klinges sold 2,224 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $12.80, for a total transaction of $28,467.20. Following the completion of the transaction, the chief financial officer now directly owns 100,838 shares in the company, valued at $1,290,726.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,877 shares of company stock worth $1,291,663. Insiders own 0.08% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. increased its holdings in American Software by 743.5% during the first quarter. Advisor Group Holdings Inc. now owns 13,707 shares of the software maker’s stock valued at $314,000 after buying an additional 12,082 shares during the last quarter. Raymond James & Associates increased its holdings in American Software by 3.3% in the 1st quarter. Raymond James & Associates now owns 88,867 shares of the software maker’s stock worth $1,852,000 after acquiring an additional 2,835 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of American Software by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 253,210 shares of the software maker’s stock worth $5,276,000 after purchasing an additional 3,937 shares during the period. Private Advisor Group LLC lifted its stake in shares of American Software by 17.4% during the 1st quarter. Private Advisor Group LLC now owns 16,077 shares of the software maker’s stock valued at $335,000 after buying an additional 2,381 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of American Software by 63.7% during the 1st quarter. MetLife Investment Management LLC now owns 19,204 shares of the software maker’s stock valued at $400,000 after buying an additional 7,474 shares in the last quarter. 81.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on American Software in a research report on Thursday, March 16th. They issued a “buy” rating for the company.
About American Software
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American Software, Inc engages in the development and marketing of supply chain management and enterprise software solutions. It operates through the following segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment offers supply chain optimization and retail planning solutions.
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