American Software, Inc. (NASDAQ:AMSWA) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Investors of record on Friday, August 14th will be paid a dividend of 0.11 per share by the software maker on Friday, August 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, August 13th.
American Software has a payout ratio of 133.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect American Software to earn $0.25 per share next year, which means the company may not be able to cover its $0.44 annual dividend with an expected future payout ratio of 176.0%.
American Software stock traded up $0.07 during mid-day trading on Friday, hitting $17.28. The company’s stock had a trading volume of 349 shares, compared to its average volume of 197,254. American Software has a 1 year low of $9.05 and a 1 year high of $19.82. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $549.86 million, a PE ratio of 69.12 and a beta of 0.50. The stock’s fifty day moving average is $15.44 and its two-hundred day moving average is $15.27.
American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $30.60 million during the quarter, compared to the consensus estimate of $27.88 million. American Software had a net margin of 7.18% and a return on equity of 8.30%. On average, equities analysts expect that American Software will post 0.27 EPS for the current fiscal year.
In other news, CFO Vincent C. Klinges sold 12,150 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $16.76, for a total transaction of $203,634.00. Following the transaction, the chief financial officer now directly owns 108,988 shares of the company’s stock, valued at $1,826,638.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James C. Edenfield sold 18,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $18.82, for a total value of $338,760.00. Following the completion of the transaction, the chairman now directly owns 78,000 shares in the company, valued at approximately $1,467,960. The disclosure for this sale can be found here. 11.19% of the stock is owned by corporate insiders.
A number of brokerages recently weighed in on AMSWA. TheStreet upgraded shares of American Software from a “c+” rating to a “b-” rating in a report on Thursday, February 20th. Zacks Investment Research upgraded American Software from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, March 20th. B. Riley raised American Software from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $19.50 in a report on Friday, February 21st. Finally, BidaskClub raised American Software from a “hold” rating to a “buy” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. American Software presently has a consensus rating of “Buy” and a consensus target price of $15.75.
American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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