California State Teachers Retirement System Has $370,000 Stock Holdings in American Software, Inc. (NASDAQ:AMSWA)

California State Teachers Retirement System decreased its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,319 shares of the software maker’s stock after selling 1,767 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of American Software worth $370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMSWA. Price T Rowe Associates Inc. MD boosted its position in American Software by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,651 shares of the software maker’s stock worth $397,000 after purchasing an additional 1,976 shares during the period. Allspring Global Investments Holdings LLC grew its stake in American Software by 15.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock valued at $211,000 after buying an additional 2,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American Software by 89.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker’s stock worth $77,000 after acquiring an additional 3,215 shares during the period. Independent Advisor Alliance lifted its position in American Software by 2.9% during the 4th quarter. Independent Advisor Alliance now owns 116,923 shares of the software maker’s stock worth $1,321,000 after acquiring an additional 3,320 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in American Software by 20.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the software maker’s stock valued at $276,000 after acquiring an additional 4,111 shares during the period. Institutional investors own 76.98% of the company’s stock.

American Software Trading Down 2.0 %

Shares of AMSWA stock opened at $10.08 on Monday. American Software, Inc. has a 1 year low of $8.41 and a 1 year high of $12.58. The firm’s fifty day simple moving average is $9.63 and its 200 day simple moving average is $10.41. The firm has a market capitalization of $335.47 million, a P/E ratio of 29.65 and a beta of 0.71.

American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Thursday, June 6th. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. American Software had a net margin of 10.75% and a return on equity of 8.90%. The company had revenue of $25.39 million for the quarter, compared to analyst estimates of $24.87 million. Equities research analysts anticipate that American Software, Inc. will post 0.17 EPS for the current fiscal year.

American Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.44 annualized dividend and a yield of 4.37%. American Software’s dividend payout ratio is 129.41%.

Analysts Set New Price Targets

Separately, B. Riley cut their price objective on American Software from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, June 7th.

Insider Buying and Selling at American Software

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

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 Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.