SageView Advisory Group LLC reduced its holdings in American Software, Inc. (NASDAQ:AMSWA – free report ) by 46.4% during the fourth quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The institutional investor sold 10,363 shares during the period and now owns 11,961 shares of the software maker’s stock. SageView Advisory Group LLC’s holdings in American Software were worth $136,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds are also buying and selling shares of the company. Investors Asset Management of Georgia Inc. (GA ADV) increased its holdings in American Software by 4.5% in the fourth quarter. Investors Asset Management of Georgia Inc. (GA ADV) now owns 157,139 shares of the software maker’s stock valued at $1,776,000 after purchasing an additional 6,700 shares in the last quarter. John G. Ullman & Associates Inc. increased its holdings in American Software by 7.5% in the fourth quarter. John G. Ullman & Associates Inc. now owns 614,740 shares of the software maker’s stock valued at $6,947,000 after purchasing an additional 42,723 shares in the last quarter. Jump Financial Corp. increased its holdings of American Software stock by 82.7% in the fourth quarter. Jump Financial LLC now owns 24,100 shares of the software maker’s stock, valued at $272,000, after purchasing an additional 10,911 shares in the last quarter. The Vanguard Group increased its holdings of American Software stock by 0.6% in the third quarter. The Vanguard Group now owns 2,331,756 shares of the software maker’s stock, valued at $26,722,000, after purchasing an additional 13,979 shares in the last quarter. Finally, Swiss National Bank increased its holdings of American Software stock by 3.3% in the third quarter. Swiss National Bank now owns 71,100 shares of the software maker’s stock, valued at $815,000, after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 76.98% of the company’s shares.
Analyst upgrades and downgrades
Meanwhile, B. Riley lowered their price objective on American Software from $16.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, June 7th.
Read the latest report on AMSWA
American Software Price Performance
American Software’s shares opened trading at $8.72 on Friday. American Software’s one-year low is $8.48 and its one-year high is $12.58. The stock’s 50-day moving average is $10.07 and its 200-day moving average is $10.78. The company has a market capitalization of $289.68 million, a price-to-earnings ratio of 25.65 and a beta of 0.73.
American Software (NASDAQ:AMSWA – get free report ) announced its latest earnings results on Thursday, June 6th. The software maker reported quarterly EPS of $0.08, beating the consensus estimate of $0.04 by $0.04. American Software had an ROE of 8.90% and a net margin of 10.75%. The company had revenue of $25.39 million for the quarter, compared to analyst expectations of $24.87 million. On average, sell-side analysts expect American Software to post EPS of $0.17 for the current quarter.
American Software Dividend Announcement
The company also recently declared a quarterly dividend, which is scheduled to be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.11. The ex-dividend date is Friday, August 16th. This equates to an annualized dividend of $0.44 and a yield of 5.05%. American Software’s dividend payout ratio is currently 129.41%.
American Software Profile
(Free report)
American Software, Inc develops, sells, and supports a variety of computer business application software products in the United States and internationally. The company operates through Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform that spans eight supply chain process areas, including product, demand, inventory, network optimized supply, integrated business planning and deployment, and supply chain data management.
References
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