American Software, Inc. (NASDAQ: AMSWA – Get 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: AMSWA – Get 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
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.
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