Connors Investor Services Inc. Acquires 2,000 Shares of American Software, Inc. (NASDAQ:AMSWA)

Connors Investor Services Inc. increased its holdings in American Software, Inc. (NASDAQ:AMSWA) by 10.0% in the second quarter, Holdings Channel.com reports. The firm owned 22,000 shares of the software maker’s stock after acquiring an additional 2,000 shares during the period. Connors Investor Services Inc.’s holdings in American Software were worth $201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in American Software by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,155,078 shares of the software maker’s stock valued at $10,546,000 after purchasing an additional 33,089 shares during the last quarter. Herald Investment Management Ltd boosted its position in American Software by 7.1% during the 2nd quarter. Herald Investment Management Ltd now owns 750,000 shares of the software maker’s stock valued at $6,862,000 after buying an additional 50,000 shares during the period. Meeder Asset Management Inc. grew its holdings in American Software by 720.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker’s stock worth $60,000 after acquiring an additional 5,767 shares during the last quarter. Quest Partners LLC increased its position in shares of American Software by 113,625.0% in the second quarter. Quest Partners LLC now owns 45,490 shares of the software maker’s stock valued at $415,000 after acquiring an additional 45,450 shares during the period. Finally, Isthmus Partners LLC raised its stake in shares of American Software by 11.3% during the second quarter. Isthmus Partners LLC now owns 307,832 shares of the software maker’s stock valued at $28,000 after acquiring an additional 31,216 shares during the last quarter. Institutional investors own 76.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMSWA. B. Riley cut their target price on American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Maxim Group lifted their price objective on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd.

Insiders Place Their Bets

In other American Software news, Director James B. Miller, Jr. purchased 3,718 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average cost of $9.15 per share, with a total value of $34,019.70. Following the transaction, the director now directly owns 719 shares in the company, valued at approximately $6,578.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director James B. Miller, Jr. acquired 3,718 shares of the stock in a transaction on Monday, July 1st. The stock was acquired at an average price of $9.15 per share, for a total transaction of $34,019.70. Following the completion of the purchase, the director now owns 719 shares of the company’s stock, valued at $6,578.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew G. Mckenna bought 5,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was bought at an average cost of $8.53 per share, for a total transaction of $42,650.00. Following the completion of the purchase, the director now owns 37,350 shares of the company’s stock, valued at approximately $318,595.50. The disclosure for this purchase can be found here. 11.37% of the stock is owned by corporate insiders.

American Software Trading Up 0.4 %

NASDAQ:AMSWA opened at $10.99 on Tuesday. The company has a 50-day moving average price of $10.43 and a 200-day moving average price of $10.39. The stock has a market cap of $365.76 million, a price-to-earnings ratio of 32.32 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 data on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The business had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. During the same period last year, the business posted $0.08 earnings per share. Equities analysts forecast that American Software, Inc. will post 0.19 EPS for the current fiscal year.

American Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid 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 4.00%. American Software’s payout ratio is 129.41%.

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 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.