American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 45,461 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $11.91, for a total value of $541,440.51. Following the completion of the sale, the director now owns 461,214 shares of the company’s stock, valued at $5,493,058.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

J Michael Edenfield also recently made the following trade(s):

  • On Wednesday, December 20th, J Michael Edenfield sold 6,569 shares of American Software stock. The stock was sold at an average price of $11.73, for a total value of $77,054.37.
  • On Monday, December 18th, J Michael Edenfield sold 5,153 shares of American Software stock. The stock was sold at an average price of $11.84, for a total value of $61,011.52.

Shares of American Software, Inc. (NASDAQ AMSWA) traded down $0.09 during mid-day trading on Tuesday, hitting $11.76. The company’s stock had a trading volume of 101,100 shares, compared to its average volume of 68,649. American Software, Inc. has a twelve month low of $9.00 and a twelve month high of $13.05. The stock has a market cap of $358.82, a PE ratio of 20.63 and a beta of 0.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, February 8th. American Software’s payout ratio is 77.19%.

Several equities research analysts have weighed in on the company. B. Riley reiterated a “buy” rating and issued a $14.00 target price (up from $12.25) on shares of American Software in a report on Tuesday, November 28th. Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, BidaskClub cut American Software from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of American Software by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock worth $21,102,000 after acquiring an additional 92,500 shares in the last quarter. Vanguard Group Inc. raised its position in shares of American Software by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,196,640 shares of the software maker’s stock worth $12,313,000 after acquiring an additional 6,593 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Software by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 987,406 shares of the software maker’s stock worth $11,217,000 after acquiring an additional 41,658 shares in the last quarter. John G Ullman & Associates Inc. raised its position in shares of American Software by 2.1% in the 3rd quarter. John G Ullman & Associates Inc. now owns 636,354 shares of the software maker’s stock worth $7,229,000 after acquiring an additional 13,179 shares in the last quarter. Finally, State Street Corp raised its position in shares of American Software by 12.7% in the 2nd quarter. State Street Corp now owns 583,043 shares of the software maker’s stock worth $5,997,000 after acquiring an additional 65,833 shares in the last quarter. 74.71% of the stock is owned by hedge funds and other institutional investors.

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American Software Company Profile

American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.

Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

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