WealthTrust Axiom LLC continued to hold its stake in American Software Inc. (NASDAQ:AMSWA) during the second quarter, Holdings Channel reports. The institutional investor owned 26,937 shares of the company’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in American Software were worth $282,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. John G Ullman & Associates Inc. boosted its stake in American Software by 11.5% in the second quarter. John G Ullman & Associates Inc. now owns 409,355 shares of the company’s stock valued at $4,290,000 after buying an additional 42,240 shares during the last quarter. Foundry Partners LLC boosted its stake in American Software by 0.3% in the second quarter. Foundry Partners LLC now owns 299,237 shares of the company’s stock valued at $3,136,000 after buying an additional 875 shares during the last quarter. North Star Investment Management Corp. boosted its stake in American Software by 10.3% in the second quarter. North Star Investment Management Corp. now owns 312,069 shares of the company’s stock valued at $3,270,000 after buying an additional 29,105 shares during the last quarter. Renaissance Technologies LLC boosted its stake in American Software by 4.1% in the first quarter. Renaissance Technologies LLC now owns 1,784,905 shares of the company’s stock valued at $16,064,000 after buying an additional 70,911 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in American Software by 0.6% in the first quarter. Geode Capital Management LLC now owns 163,127 shares of the company’s stock valued at $1,468,000 after buying an additional 978 shares during the last quarter. 73.77% of the stock is owned by institutional investors.
Shares of American Software Inc. (NASDAQ:AMSWA) traded down 1.27% during trading on Monday, reaching $10.85. The company’s stock had a trading volume of 27,344 shares. The stock has a 50-day moving average of $10.87 and a 200-day moving average of $9.98. The stock has a market cap of $315.77 million, a P/E ratio of 33.91 and a beta of 0.72. American Software Inc. has a 52-week low of $8.56 and a 52-week high of $11.94.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. American Software had a return on equity of 8.90% and a net margin of 8.32%. Analysts predict that American Software Inc. will post $0.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, November 8th. American Software’s dividend payout ratio is currently 137.50%.
Several analysts recently weighed in on the company. B. Riley reissued a “buy” rating and set a $12.50 price target on shares of American Software in a report on Sunday, June 26th. Zacks Investment Research cut American Software from a “buy” rating to a “sell” rating in a report on Tuesday, August 30th.
American Software Company Profile
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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