Squarepoint Ops LLC Raises Stock Position in American Software, Inc. (NASDAQ:AMSWA)

Squarepoint Ops LLC boosted its holdings in American Software, Inc. (NASDAQ:AMSWA) by 35.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 38,139 shares of the software maker’s stock after buying an additional 9,912 shares during the period. Squarepoint Ops LLC owned 0.11% of American Software worth $348,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMSWA. Investors Asset Management of Georgia Inc. GA ADV increased its stake in American Software by 0.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 155,189 shares of the software maker’s stock worth $1,417,000 after acquiring an additional 950 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 acquiring an additional 1,976 shares during the last quarter. Connors Investor Services Inc. increased its stake in American Software by 10.0% during the second quarter. Connors Investor Services Inc. now owns 22,000 shares of the software maker’s stock worth $201,000 after acquiring an additional 2,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased 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 last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake 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 worth $276,000 after acquiring an additional 4,111 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

American Software Stock Performance

Shares of NASDAQ AMSWA opened at $10.95 on Friday. The stock has a 50 day moving average price of $10.79 and a 200 day moving average price of $10.37. The firm has a market capitalization of $364.43 million, a price-to-earnings ratio of 32.21 and a beta of 0.76. American Software, Inc. has a 52-week low of $8.41 and a 52-week high of $12.27.

American Software (NASDAQ:AMSWA) last posted its 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 company had revenue of $26.19 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.08 earnings per share. Analysts forecast that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, November 15th. American Software’s payout ratio is presently 129.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com cut American Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Maxim Group boosted their price target on American Software from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

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 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.