Short Interest in American Software, Inc. (NASDAQ:AMSWA) Declines By 13.1%

American Software, Inc. (NASDAQ:AMSWA) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 331,700 shares, a drop of 13.1% from the June 30th total of 381,800 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 230,300 shares, the short-interest ratio is presently 1.4 days.

Insider Activity

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

Hedge Funds Weigh In On American Software

Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of American Software by 89.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker’s stock valued at $77,000 after acquiring an additional 3,215 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in American Software by 526.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,282 shares of the software maker’s stock valued at $82,000 after purchasing an additional 6,120 shares during the period. Lazard Asset Management LLC purchased a new position in American Software in the first quarter worth approximately $92,000. EntryPoint Capital LLC acquired a new stake in American Software in the first quarter valued at $103,000. Finally, SG Americas Securities LLC increased its stake in American Software by 37.8% in the fourth quarter. SG Americas Securities LLC now owns 12,578 shares of the software maker’s stock valued at $142,000 after purchasing an additional 3,448 shares during the last quarter. 76.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

American Software Price Performance

Shares of AMSWA traded up $0.06 during trading hours on Monday, hitting $10.58. The stock had a trading volume of 172,255 shares, compared to its average volume of 212,396. The firm has a market capitalization of $352.10 million, a PE ratio of 31.12 and a beta of 0.72. American Software has a 12 month low of $8.41 and a 12 month high of $12.58. The stock has a fifty day moving average price of $9.62 and a 200 day moving average price of $10.53.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Thursday, June 6th. The software maker reported $0.08 EPS for the quarter, beating 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 firm had revenue of $25.39 million for the quarter, compared to the consensus estimate of $24.87 million. As a group, analysts anticipate that American Software will post 0.17 EPS for the current fiscal year.

American Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, August 16th. This represents a $0.44 annualized dividend and a dividend yield of 4.16%. American Software’s dividend payout ratio (DPR) is currently 129.42%.

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 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.