SG Americas Securities LLC Purchases New Position in American Software, Inc. (NASDAQ:AMSWA)

SG Americas Securities LLC acquired a new stake in shares of American Software, Inc. (NASDAQ:AMSWA) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 11,898 shares of the software maker’s stock, valued at approximately $133,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC boosted its stake in shares of American Software by 172.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 59,157 shares of the software maker’s stock worth $540,000 after acquiring an additional 37,439 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of American Software by 158.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,344 shares of the software maker’s stock valued at $58,000 after purchasing an additional 3,890 shares during the period. Quarry LP lifted its stake in shares of American Software by 121.5% in the second quarter. Quarry LP now owns 4,813 shares of the software maker’s stock worth $44,000 after buying an additional 2,640 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of American Software by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 18,379 shares of the software maker’s stock worth $168,000 after buying an additional 1,633 shares during the period. Finally, Squarepoint Ops LLC grew its stake in American Software by 35.1% in the 2nd quarter. Squarepoint Ops LLC now owns 38,139 shares of the software maker’s stock valued at $348,000 after buying an additional 9,912 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMSWA shares. Maxim Group boosted their target price on shares of American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. StockNews.com assumed coverage on American Software in a research note on Thursday. They set a “buy” rating for the company.

American Software Price Performance

NASDAQ:AMSWA opened at $10.95 on Friday. American Software, Inc. has a one year low of $8.41 and a one year high of $12.27. The company has a fifty day moving average price of $10.94 and a 200 day moving average price of $10.34. The stock has a market cap of $364.43 million, a P/E ratio of 32.21 and a beta of 0.76.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The business had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, equities research analysts anticipate that American Software, Inc. will post 0.19 EPS for the current year.

American Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend 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%.

American Software 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.