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

272 Capital LP boosted its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 36.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,701 shares of the software maker’s stock after buying an additional 117,837 shares during the period. American Software makes up 2.0% of 272 Capital LP’s holdings, making the stock its 18th largest position. 272 Capital LP owned approximately 1.32% of American Software worth $4,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Foundry Partners LLC acquired a new stake in shares of American Software during the first quarter worth $3,852,000. Vanguard Group Inc. lifted its position in American Software by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,429,019 shares of the software maker’s stock worth $27,812,000 after acquiring an additional 53,284 shares during the period. Inspire Investing LLC acquired a new stake in American Software during the 1st quarter worth about $868,000. Oppenheimer Asset Management Inc. increased its holdings in shares of American Software by 20.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock valued at $276,000 after purchasing an additional 4,111 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of American Software in the second quarter worth about $267,000. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

American Software Price Performance

Shares of NASDAQ AMSWA opened at $10.93 on Tuesday. The stock has a market capitalization of $363.76 million, a price-to-earnings ratio of 32.15 and a beta of 0.76. The firm’s 50 day simple moving average is $10.58 and its 200-day simple moving average is $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 released its quarterly earnings data on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The company had revenue of $26.19 million during the quarter, compared to analysts’ expectations of $24.89 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. Analysts anticipate that American Software, Inc. will post 0.19 earnings per share for the current fiscal year.

American Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.03%. American Software’s dividend payout ratio (DPR) is 129.41%.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMSWA shares. Maxim Group upped 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. B. Riley dropped their price objective on shares of American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, June 7th.

Insider Activity at American Software

In related news, Director Matthew G. Mckenna purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of $8.53 per share, with a total value of $42,650.00. Following the purchase, the director now owns 37,350 shares of the company’s stock, valued at approximately $318,595.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other American Software news, Director Matthew G. Mckenna bought 5,000 shares of American Software stock in a transaction dated Wednesday, June 26th. The stock was acquired at an average cost 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 of the company’s stock, valued at $318,595.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James B. Miller, Jr. bought 3,718 shares of the stock in a transaction dated Monday, July 1st. The shares were bought at an average price of $9.15 per share, for a total transaction of $34,019.70. Following the completion of the acquisition, the director now owns 719 shares in the company, valued at $6,578.85. The disclosure for this purchase can be found here. 11.37% of the stock is owned by corporate insiders.

American Software Company 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 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.