Cubist Systematic Strategies LLC Increases Stock Position in American Software, Inc. (NASDAQ:AMSWA)

Cubist Systematic Strategies LLC increased its position in American Software, Inc. (NASDAQ:AMSWA) by 172.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,157 shares of the software maker’s stock after purchasing an additional 37,439 shares during the quarter. Cubist Systematic Strategies LLC owned 0.16% of American Software worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMSWA. Foundry Partners LLC purchased a new position in shares of American Software in the first quarter valued at $3,852,000. 272 Capital LP boosted its stake in American Software by 36.7% during the 2nd quarter. 272 Capital LP now owns 438,701 shares of the software maker’s stock valued at $4,005,000 after acquiring an additional 117,837 shares during the last quarter. Isthmus Partners LLC boosted its stake in American Software by 49.8% during the 1st quarter. Isthmus Partners LLC now owns 276,616 shares of the software maker’s stock valued at $3,167,000 after acquiring an additional 92,006 shares during the last quarter. Inspire Investing LLC bought a new position in American Software during the 1st quarter valued at $868,000. Finally, Vanguard Group Inc. boosted its stake in American Software by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,429,019 shares of the software maker’s stock valued at $27,812,000 after acquiring an additional 53,284 shares during the last quarter. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

American Software Stock Performance

American Software stock opened at $10.95 on Friday. The firm’s 50-day moving average is $10.80 and its 200-day moving average is $10.35. American Software, Inc. has a 1 year low of $8.41 and a 1 year high of $12.27. The company 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 released its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $24.89 million. During the same quarter last year, the company earned $0.08 EPS. As a group, sell-side analysts predict that American Software, Inc. will post 0.19 earnings per share for the current year.

American Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.02%. American Software’s dividend payout ratio (DPR) is presently 129.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com downgraded shares of American Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Maxim Group increased their price objective on shares of American Software from $16.00 to $17.00 and gave the company a “buy” rating in a research note 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.