Engineers Gate Manager LP decreased its holdings in shares of American Software, Inc. (NASDAQ:AMSWA – Get Rating) by 55.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,662 shares of the software maker’s stock after selling 40,213 shares during the period. Engineers Gate Manager LP owned approximately 0.09% of American Software worth $485,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of American Software by 941.2% in the 2nd quarter. Millennium Management LLC now owns 318,323 shares of the software maker’s stock worth $5,144,000 after acquiring an additional 287,750 shares during the period. Renaissance Technologies LLC grew its holdings in shares of American Software by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,809,900 shares of the software maker’s stock worth $29,248,000 after acquiring an additional 148,697 shares during the period. BlackRock Inc. grew its holdings in shares of American Software by 6.5% in the 3rd quarter. BlackRock Inc. now owns 2,339,175 shares of the software maker’s stock worth $35,836,000 after acquiring an additional 143,328 shares during the period. Congress Asset Management Co. MA grew its holdings in shares of American Software by 18.1% in the 3rd quarter. Congress Asset Management Co. MA now owns 926,416 shares of the software maker’s stock worth $14,193,000 after acquiring an additional 141,882 shares during the period. Finally, Citadel Advisors LLC grew its holdings in shares of American Software by 469.3% in the 2nd quarter. Citadel Advisors LLC now owns 113,663 shares of the software maker’s stock worth $1,837,000 after acquiring an additional 93,698 shares during the period. Institutional investors and hedge funds own 81.67% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on AMSWA shares. Maxim Group reduced their target price on American Software from $29.00 to $22.00 in a research note on Friday, November 18th. B. Riley reduced their target price on American Software from $23.00 to $21.50 in a research note on Friday, November 18th. Finally, StockNews.com raised American Software from a “hold” rating to a “buy” rating in a research note on Tuesday, March 7th.
Insider Activity at American Software
American Software Stock Down 3.3 %
Shares of American Software stock opened at $13.11 on Friday. The firm has a market cap of $442.86 million, a PE ratio of 40.97 and a beta of 0.83. The business’s fifty day moving average is $14.58 and its two-hundred day moving average is $15.20. American Software, Inc. has a fifty-two week low of $12.89 and a fifty-two week high of $22.53.
American Software (NASDAQ:AMSWA – Get Rating) last issued its earnings results on Thursday, February 23rd. The software maker reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $31.01 million for the quarter, compared to analyst estimates of $31.00 million. American Software had a return on equity of 8.67% and a net margin of 8.67%. During the same period last year, the company posted $0.09 EPS. Equities research analysts anticipate that American Software, Inc. will post 0.27 EPS for the current year.
American Software Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 17th. Investors of record on Wednesday, May 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, May 2nd. This represents a $0.44 annualized dividend and a yield of 3.36%. American Software’s dividend payout ratio is currently 137.50%.
American Software Company Profile
American Software, Inc engages in the development and marketing of supply chain management and enterprise software solutions. It operates through the following segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment offers supply chain optimization and retail planning solutions.
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