Insider Selling: American Software, Inc. (AMSWA) Director Sells $61,011.52 in Stock

American Software, Inc. (NASDAQ:AMSWA) Director J Michael Edenfield sold 5,153 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.84, for a total transaction of $61,011.52. Following the transaction, the director now owns 420,906 shares in the company, valued at $4,983,527.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

J Michael Edenfield also recently made the following trade(s):

  • On Wednesday, December 20th, J Michael Edenfield sold 6,569 shares of American Software stock. The stock was sold at an average price of $11.73, for a total transaction of $77,054.37.

Shares of American Software, Inc. (NASDAQ:AMSWA) traded up $0.12 during mid-day trading on Friday, reaching $11.85. 51,800 shares of the company’s stock were exchanged, compared to its average volume of 68,517. American Software, Inc. has a one year low of $9.00 and a one year high of $13.05. The stock has a market capitalization of $357.61, a P/E ratio of 19.88 and a beta of 0.82.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, February 8th. American Software’s dividend payout ratio (DPR) is presently 77.19%.

AMSWA has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $12.00 target price on shares of American Software in a research note on Thursday, August 24th. Zacks Investment Research raised shares of American Software from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, September 25th. Finally, BidaskClub downgraded shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.

A number of hedge funds have recently modified their holdings of AMSWA. Citadel Advisors LLC purchased a new stake in shares of American Software in the 2nd quarter valued at approximately $133,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of American Software in the 3rd quarter valued at approximately $137,000. GSA Capital Partners LLP raised its stake in shares of American Software by 5.4% in the 2nd quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock valued at $140,000 after acquiring an additional 700 shares during the period. Commonwealth Equity Services Inc purchased a new stake in shares of American Software in the 3rd quarter valued at approximately $167,000. Finally, Bank of America Corp DE raised its stake in shares of American Software by 175.1% in the 1st quarter. Bank of America Corp DE now owns 20,426 shares of the software maker’s stock valued at $210,000 after acquiring an additional 13,000 shares during the period. 75.79% of the stock is currently owned by institutional investors.

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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)

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