American Software, Inc. (NASDAQ:AMSWA) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,218 shares of the software maker’s stock after selling 5,520 shares during the quarter. Quadrature Capital Ltd owned 0.07% of American Software worth $274,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Swiss National Bank grew its holdings in American Software by 3.3% in the third quarter. Swiss National Bank now owns 71,100 shares of the software maker’s stock valued at $815,000 after purchasing an additional 2,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in American Software by 89.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker’s stock valued at $77,000 after acquiring an additional 3,215 shares during the period. Independent Advisor Alliance increased its holdings in American Software by 2.9% in the 4th quarter. Independent Advisor Alliance now owns 116,923 shares of the software maker’s stock worth $1,321,000 after acquiring an additional 3,320 shares in the last quarter. SG Americas Securities LLC increased its holdings in American Software by 37.8% in the 4th quarter. SG Americas Securities LLC now owns 12,578 shares of the software maker’s stock worth $142,000 after acquiring an additional 3,448 shares in the last quarter. Finally, Ranger Investment Management L.P. raised its position in American Software by 1.1% during the fourth quarter. Ranger Investment Management L.P. now owns 465,033 shares of the software maker’s stock worth $5,255,000 after acquiring an additional 4,870 shares during the period. 76.98% of the stock is currently owned by institutional investors and hedge funds.

American Software Price Performance

Shares of NASDAQ:AMSWA opened at $8.52 on Thursday. American Software, Inc. has a 1 year low of $8.41 and a 1 year high of $12.58. The firm has a market capitalization of $283.03 million, a PE ratio of 25.06 and a beta of 0.73. The business’s 50 day moving average price is $9.95 and its 200-day moving average price is $10.75.

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

American Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.11 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.44 dividend on an annualized basis and a yield of 5.16%. American Software’s payout ratio is 129.42%.

Analyst Ratings Changes

Separately, B. Riley reduced their price target on shares of American Software from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, June 7th.

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.