Quarry LP Increases Stock Holdings in American Software, Inc. (NASDAQ:AMSWA)

Quarry LP lifted its position in American Software, Inc. (NASDAQ:AMSWA) by 121.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,813 shares of the software maker’s stock after acquiring an additional 2,640 shares during the quarter. Quarry LP’s holdings in American Software were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMSWA. Isthmus Partners LLC boosted its stake in American Software by 11.3% in the second quarter. Isthmus Partners LLC now owns 307,832 shares of the software maker’s stock valued at $28,000 after acquiring an additional 31,216 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in American Software by 158.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,344 shares of the software maker’s stock worth $58,000 after purchasing an additional 3,890 shares during the period. Meeder Asset Management Inc. grew its holdings in American Software by 720.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker’s stock valued at $60,000 after buying an additional 5,767 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of American Software during the first quarter valued at about $92,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of American Software in the first quarter worth about $103,000. 76.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMSWA has been the subject of several analyst reports. Maxim Group raised their price target on shares of American Software from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com upgraded American Software from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th.

American Software Trading Down 2.1 %

AMSWA opened at $10.95 on Friday. The company has a market cap of $364.43 million, a price-to-earnings ratio of 32.21 and a beta of 0.76. The stock has a fifty day simple moving average of $10.78 and a two-hundred day simple moving average of $10.38. American Software, Inc. has a 12-month low of $8.41 and a 12-month high of $12.27.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. American Software had a net margin of 10.39% and a return on equity of 8.98%. During the same period last year, the business earned $0.08 EPS. On average, analysts predict that American Software, Inc. will post 0.19 EPS for the current year.

American Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, November 15th. American Software’s dividend payout ratio (DPR) is 129.41%.

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 two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.