American Software, Inc. (NASDAQ:AMSWA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 266,352 shares of the software maker’s stock after selling 20,290 shares during the quarter. Rhumbline Advisers’ holdings in American Software were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jump Financial LLC raised its holdings in American Software by 82.7% in the 4th quarter. Jump Financial LLC now owns 24,100 shares of the software maker’s stock valued at $272,000 after buying an additional 10,911 shares during the period. Isthmus Partners LLC raised its holdings in American Software by 4.7% in the 4th quarter. Isthmus Partners LLC now owns 184,610 shares of the software maker’s stock valued at $2,086,000 after buying an additional 8,226 shares during the period. Eagle Asset Management Inc. raised its holdings in American Software by 44.6% in the 4th quarter. Eagle Asset Management Inc. now owns 480,697 shares of the software maker’s stock valued at $5,432,000 after buying an additional 148,368 shares during the period. Cove Street Capital LLC raised its holdings in American Software by 48.4% in the 4th quarter. Cove Street Capital LLC now owns 570,953 shares of the software maker’s stock valued at $6,452,000 after buying an additional 186,133 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its holdings in American Software by 14.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 44,961 shares of the software maker’s stock valued at $508,000 after buying an additional 5,605 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Maxim Group boosted their price objective on shares of American Software from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley reduced 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.

American Software Price Performance

Shares of NASDAQ:AMSWA opened at $10.74 on Thursday. The firm has a market capitalization of $357.44 million, a PE ratio of 31.59 and a beta of 0.76. The firm’s 50-day moving average is $10.50 and its two-hundred day moving average is $10.39. American Software, Inc. has a 1 year low of $8.41 and a 1 year high of $12.27.

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

American Software Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.10%. American Software’s dividend payout ratio (DPR) is presently 129.41%.

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.