American Software, Inc. (AMSWA) Insider James C. Edenfield Sells 7,300 Shares of Stock

American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 7,300 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $11.88, for a total value of $86,724.00. Following the completion of the sale, the insider now directly owns 67,300 shares of the company’s stock, valued at $799,524. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

American Software, Inc. (NASDAQ AMSWA) traded down $0.02 during midday trading on Friday, reaching $11.66. The company had a trading volume of 212,847 shares, compared to its average volume of 62,009. The stock has a market cap of $350.98, a price-to-earnings ratio of 19.80 and a beta of 0.82. American Software, Inc. has a twelve month low of $9.00 and a twelve month high of $13.05.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, February 8th. American Software’s payout ratio is currently 77.19%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its position in shares of American Software by 0.8% during the 2nd quarter. Stifel Financial Corp now owns 72,729 shares of the software maker’s stock valued at $748,000 after purchasing an additional 564 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of American Software by 5.4% during the 2nd quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock valued at $140,000 after purchasing an additional 700 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of American Software by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,993 shares of the software maker’s stock valued at $247,000 after purchasing an additional 1,685 shares during the last quarter. California Public Employees Retirement System increased its position in shares of American Software by 2.5% during the 1st quarter. California Public Employees Retirement System now owns 80,700 shares of the software maker’s stock valued at $830,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of American Software by 10.4% during the 2nd quarter. Voya Investment Management LLC now owns 22,103 shares of the software maker’s stock valued at $227,000 after purchasing an additional 2,076 shares during the last quarter. 75.79% of the stock is owned by institutional investors and hedge funds.

AMSWA has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $14.00 price target (up from $12.25) on shares of American Software in a research report on Tuesday, November 28th. Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub lowered American Software from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd.

COPYRIGHT VIOLATION NOTICE: “American Software, Inc. (AMSWA) Insider James C. Edenfield Sells 7,300 Shares of Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2017/12/16/american-software-inc-amswa-insider-james-c-edenfield-sells-7300-shares-of-stock.html.

About American Software

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.

Insider Buying and Selling by Quarter for American Software (NASDAQ:AMSWA)

What are top analysts saying about American Software? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Software and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit