American Software, Inc. (NASDAQ:AMSWA) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lessened its stake in American Software, Inc. (NASDAQ:AMSWA) by 3.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 590,820 shares of the software maker’s stock after selling 23,920 shares during the period. American Software comprises 1.0% of John G Ullman & Associates Inc.’s portfolio, making the stock its 28th largest holding. John G Ullman & Associates Inc.’s holdings in American Software were worth $6,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AMSWA. Cove Street Capital LLC boosted its stake in American Software by 48.4% in the fourth quarter. Cove Street Capital LLC now owns 570,953 shares of the software maker’s stock valued at $6,452,000 after acquiring an additional 186,133 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of American Software by 44.6% in the fourth 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 last quarter. Wellington Management Group LLP raised its holdings in shares of American Software by 14.1% in the third quarter. Wellington Management Group LLP now owns 335,025 shares of the software maker’s stock valued at $3,839,000 after buying an additional 41,443 shares during the last quarter. White Pine Capital LLC raised its holdings in shares of American Software by 46.7% in the fourth quarter. White Pine Capital LLC now owns 76,312 shares of the software maker’s stock valued at $862,000 after buying an additional 24,303 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of American Software in the fourth quarter valued at about $180,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

American Software Stock Up 5.2 %

NASDAQ AMSWA traded up $0.47 during trading hours on Thursday, hitting $9.54. 220,217 shares of the stock were exchanged, compared to its average volume of 211,131. The company has a market cap of $316.92 million, a price-to-earnings ratio of 28.06 and a beta of 0.71. American Software, Inc. has a 12-month low of $8.41 and a 12-month high of $12.58. The stock has a 50-day moving average of $9.69 and a 200 day moving average of $10.64.

American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, June 6th. The software maker reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. American Software had a net margin of 10.75% and a return on equity of 8.90%. The company had revenue of $25.39 million for the quarter, compared to analyst estimates of $24.87 million. On average, equities research analysts expect that American Software, Inc. will post 0.17 earnings per share for the current year.

American Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, August 16th. This represents a $0.44 annualized dividend and a yield of 4.61%. American Software’s payout ratio is currently 129.42%.

Analysts Set New Price Targets

Separately, B. Riley cut their price target on shares of American Software from $16.00 to $14.00 and set a “buy” rating for the company in a report on Friday, June 7th.

Insiders Place Their Bets

In other American Software news, Director Matthew G. Mckenna purchased 5,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average cost of $8.53 per share, for a total transaction of $42,650.00. Following the completion of the transaction, the director now directly owns 37,350 shares of the company’s stock, valued at $318,595.50. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, Director James B. Miller, Jr. bought 3,718 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were purchased at an average price of $9.15 per share, for a total transaction of $34,019.70. Following the completion of the transaction, the director now owns 719 shares in the company, valued at $6,578.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew G. Mckenna bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $42,650.00. Following 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. 11.37% of the stock is currently owned by company insiders.

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 Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.