Quest Partners LLC Raises Stock Holdings in American Software, Inc. (NASDAQ:AMSWA)

Quest Partners LLC boosted its holdings in shares of American Software, Inc. (NASDAQ:AMSWA) by 113,625.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,490 shares of the software maker’s stock after purchasing an additional 45,450 shares during the quarter. Quest Partners LLC owned approximately 0.14% of American Software worth $415,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Lazard Asset Management LLC bought a new position in American Software during the first quarter worth $92,000. EntryPoint Capital LLC acquired a new position in shares of American Software in the 1st quarter valued at about $103,000. Cornerstone Investment Partners LLC bought a new stake in shares of American Software during the 1st quarter valued at about $168,000. Allspring Global Investments Holdings LLC raised its stake in American Software by 15.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the software maker’s stock worth $211,000 after acquiring an additional 2,500 shares during the period. Finally, Kings Path Partners LLC bought a new position in American Software in the second quarter worth about $204,000. 76.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

AMSWA has been the topic of a number of research reports. Maxim Group increased their price target on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. B. Riley cut their target price on American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, June 7th.

American Software Price Performance

NASDAQ AMSWA opened at $10.95 on Friday. The company has a market capitalization of $405.26 million, a P/E ratio of 32.30 and a beta of 0.76. American Software, Inc. has a 12 month low of $8.41 and a 12 month high of $12.27. The company’s 50 day simple moving average is $10.35 and its 200 day simple moving average is $10.41.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $26.19 million for the quarter, compared to analysts’ expectations of $24.89 million. American Software had a return on equity of 8.98% and a net margin of 10.39%. During the same quarter last year, the business posted $0.08 EPS. On average, analysts anticipate that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 4.02%. American Software’s dividend payout ratio (DPR) is presently 129.42%.

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.