American Software, Inc. Declares Quarterly Dividend of $0.11 (NASDAQ:AMSWA)

ByLance T. Lee

Nov 18, 2022

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American Software, Inc. (NASDAQ: AMSWAGet a rating) announced a quarterly dividend on Friday, November 18, the wall street journal reports. Shareholders of record on Friday, February 3 will receive a dividend of 0.11 per share from the software maker on Friday, February 17. This represents an annualized dividend of $0.44 and a dividend yield of 2.90%. The ex-date of this dividend is Thursday, February 2.

American Software has a payout ratio of 125.7%, which means the company currently cannot cover its dividend with earnings alone and relies on its balance sheet to cover its dividend payments. Research analysts expect American Software to earn $0.33 per share next year, meaning the company may not be able to cover its $0.44 annual dividend with a ratio expected future payout of 133.3%.

US software trades down 7.2%

Shares of AMSWA traded lower from $1.18 in midday trading on Friday, hitting $15.15. 383,051 shares of the company were traded, against an average volume of 111,595. American Software has a fifty-two week low of $13.39 and a fifty-two week high of $30.56. The company has a market capitalization of $510.51 million, a P/E ratio of 39.80 and a beta of 0.88. The company’s 50-day moving average is $15.94 and its two-hundred-day moving average is $16.64.

US Software (NASDAQ: AMSWAGet a rating) last reported its quarterly earnings data on Wednesday, August 24. The software maker reported EPS of $0.06 for the quarter, beating consensus analyst estimates of $0.04 by $0.02. The company posted revenue of $31.30 million in the quarter, versus a consensus estimate of $31.41 million. American Software had a net margin of 9.24% and a return on equity of 9.21%. On average, stock research analysts expect American Software to post 0.2 earnings per share for the current year.

Wall Street analysts predict growth

AMSWA has been the subject of a number of research analyst reports. B. Riley lowered his target price on American Software shares from $23.00 to $21.50 in a report on Friday. TheStreet upgraded American Software’s shares from a “b-” to a “c+” rating in a Monday, October 24 report. Maxim Group lowered its target price on American Software shares from $29.00 to $22.00 in a report on Friday. To finish, StockNews.com launched coverage on American Software stocks in a Wednesday, Oct. 12 research note. They set a “buy” rating for the company. Five investment analysts have rated the stock with a buy rating. According to MarketBeat.com, American Software currently has a consensus rating of “Buy” and an average target price of $26.50.

Insider Buying and Selling at American Software

In other American Software news, President James C. Edenfield sold 3,600 shares of American Software in a trade on Thursday, September 8. The shares were sold at an average price of $16.00, for a total value of $57,600.00. Following the transaction, the president now owns 60,000 shares of the company, valued at around $960,000. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. Separately, Chairman James C. Edenfield sold 3,600 shares of American Software in a trade on Thursday, September 8. The shares were sold at an average price of $16.00, for a total transaction of $57,600.00. Following the transaction, the president now owns 60,000 shares of the company, valued at around $960,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Also, President James C. Edenfield sold 4,800 shares of American Software in a trade on Monday, September 12. The shares were sold at an average price of $16.44, for a total transaction of $78,912.00. Following the transaction, the president now owns 60,000 shares of the company, valued at approximately $986,400. Disclosure of this sale can be found here. 0.08% of the shares are held by insiders of the company.

Hedge funds weigh on US software

A number of institutional investors have recently increased or reduced their stake in AMSWA. Advisor Group Holdings Inc. increased its stake in American Software by 743.5% in Q1. Advisor Group Holdings Inc. now owns 13,707 shares of the software maker worth $314,000 after buying an additional 12,082 shares last quarter. Raymond James & Associates increased its stake in American Software by 3.3% in the first quarter. Raymond James & Associates now owns 88,867 shares of the software maker worth $1,852,000 after buying 2,835 additional shares last quarter. Bank of New York Mellon Corp increased its stake in American Software by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 253,210 shares of the software maker worth $5,276,000 after buying 3,937 additional shares last quarter. Private Advisor Group LLC increased its stake in American Software by 17.4% in the 1st quarter. Private Advisor Group LLC now owns 16,077 shares of the software maker worth $335,000 after buying 2,381 additional shares last quarter. Finally, MetLife Investment Management LLC increased its stake in American Software by 63.7% in the 1st quarter. MetLife Investment Management LLC now owns 19,204 shares of the software maker worth $400,000 after buying an additional 7,474 shares last quarter. Institutional investors and hedge funds hold 80.59% of the company’s shares.

American Software Company Profile

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American Software, Inc. develops, markets and supports a line of computer application software products in the United States and around the world. The Company operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting) and Others. The SCM segment offers Logility Digital Supply Chain Platform, a cloud-architected supply chain management platform that helps manage seven critical planning processes, such as product, demand, inventory, procurement, deployment, integrated business planning and supply chain data management.

Further reading

Dividend history for American Software (NASDAQ:AMSWA)

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