Mackenzie Financial Corp Raises Holdings in American Software, Inc. (NASDAQ:AMSWA)

Mackenzie Financial Corp boosted its stake in shares of American Software, Inc. (NASDAQ:AMSWA) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,379 shares of the software maker’s stock after buying an additional 1,633 shares during the period. Mackenzie Financial Corp owned 0.06% of American Software worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AMSWA. Point72 Asia Singapore Pte. Ltd. increased its position in shares of American Software by 158.5% during the second 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 in the last quarter. Meeder Asset Management Inc. raised its stake in shares of American Software by 720.0% in the second quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker’s stock worth $60,000 after purchasing an additional 5,767 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of American Software in the 1st quarter valued at $92,000. EntryPoint Capital LLC acquired a new position in shares of American Software in the 1st quarter valued at about $103,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of American Software during the 1st quarter worth approximately $168,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

American Software Stock Performance

Shares of American Software stock opened at $10.95 on Tuesday. American Software, Inc. has a one year low of $8.41 and a one year high of $12.27. The company has a market cap of $364.43 million, a PE ratio of 32.21 and a beta of 0.76. The business has a 50-day simple moving average of $10.79 and a 200-day simple moving average of $10.36.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings data 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. American Software had a return on equity of 8.98% and a net margin of 10.39%. The company had revenue of $26.19 million for the quarter, compared to analyst estimates of $24.89 million. During the same quarter last year, the company posted $0.08 earnings per share. On average, sell-side analysts predict that American Software, Inc. will post 0.19 earnings per share for the current fiscal year.

American Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.02%. American Software’s dividend payout ratio is presently 129.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Maxim Group increased their target price on American Software from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. StockNews.com downgraded American Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

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.