James B. Miller, Jr. Buys 3,718 Shares of American Software, Inc. (NASDAQ:AMSWA) Stock

American Software, Inc. (NASDAQ:AMSWA) Director James B. Miller, Jr. bought 3,718 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were acquired at an average price of $9.15 per share, for a total transaction of $34,019.70. Following the acquisition, the director now directly owns 719 shares of the company’s stock, valued at approximately $6,578.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Software Stock Performance

Shares of AMSWA stock opened at $9.12 on Wednesday. The stock’s fifty day moving average is $9.72 and its 200-day moving average is $10.66. The stock has a market capitalization of $302.97 million, a PE ratio of 26.82 and a beta of 0.71. American Software, Inc. has a 52 week low of $8.41 and a 52 week high of $12.58.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, June 6th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $25.39 million for the quarter, compared to analysts’ expectations of $24.87 million. American Software had a return on equity of 8.90% and a net margin of 10.75%. As a group, analysts forecast that American Software, Inc. will post 0.17 earnings per share for the current fiscal year.

American Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Friday, August 16th. American Software’s dividend payout ratio is 129.41%.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their target price on American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, June 7th.

Hedge Funds Weigh In On American Software

Several hedge funds have recently added to or reduced their stakes in AMSWA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Software by 89.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker’s stock worth $77,000 after acquiring an additional 3,215 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in American Software by 526.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,282 shares of the software maker’s stock valued at $82,000 after purchasing an additional 6,120 shares during the period. Lazard Asset Management LLC acquired a new position in American Software during the first quarter valued at approximately $92,000. EntryPoint Capital LLC acquired a new position in American Software during the first quarter valued at approximately $103,000. Finally, SG Americas Securities LLC grew its holdings in American Software by 37.8% during the fourth quarter. SG Americas Securities LLC now owns 12,578 shares of the software maker’s stock valued at $142,000 after purchasing an additional 3,448 shares during the period. Institutional investors own 76.98% of the company’s stock.

American Software Company 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 Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.