Matthew G. Mckenna Acquires 5,000 Shares of American Software, Inc. (NASDAQ:AMSWA) Stock

American Software, Inc. (NASDAQ:AMSWA) Director Matthew G. Mckenna purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average price of $8.53 per share, for a total transaction of $42,650.00. Following the completion of the transaction, the director now directly owns 37,350 shares in the company, valued at $318,595.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

American Software Price Performance

NASDAQ AMSWA opened at $9.13 on Friday. The stock’s 50-day moving average is $9.89 and its 200-day moving average is $10.73. American Software, Inc. has a one year low of $8.41 and a one year high of $12.58. The firm has a market cap of $303.30 million, a P/E ratio of 26.85 and a beta of 0.73.

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

American Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, August 16th. American Software’s dividend 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 on the stock in a research report on Friday, June 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AMSWA. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Software by 89.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker’s stock worth $77,000 after acquiring an additional 3,215 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in American Software by 526.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,282 shares of the software maker’s stock valued at $82,000 after buying an additional 6,120 shares during the last quarter. Lazard Asset Management LLC bought a new stake in American Software during the 1st quarter worth about $92,000. EntryPoint Capital LLC acquired a new position in shares of American Software during the 1st quarter worth about $103,000. Finally, SG Americas Securities LLC grew its holdings in shares of American Software by 37.8% in the 4th quarter. SG Americas Securities LLC now owns 12,578 shares of the software maker’s stock valued at $142,000 after acquiring an additional 3,448 shares in the last quarter. 76.98% of the stock is owned by institutional investors and hedge funds.

About American Software

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.