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%.
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.
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.
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