BOKF NA boosted its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 21.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,223 shares of the software maker’s stock after acquiring an additional 4,674 shares during the period. BOKF NA owned 0.08% of American Software worth $274,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of American Software in the third quarter valued at about $150,000. Algert Global LLC bought a new stake in shares of American Software in the fourth quarter valued at about $207,000. MetLife Investment Advisors LLC raised its holdings in shares of American Software by 58.6% in the third quarter. MetLife Investment Advisors LLC now owns 20,235 shares of the software maker’s stock valued at $245,000 after acquiring an additional 7,474 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in American Software by 59.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,975 shares of the software maker’s stock worth $254,000 after purchasing an additional 7,860 shares in the last quarter. Finally, Man Group plc bought a new position in American Software in the third quarter worth about $273,000. Hedge funds and other institutional investors own 77.07% of the company’s stock.
A number of equities analysts have commented on AMSWA shares. BidaskClub upgraded shares of American Software from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. ValuEngine lowered American Software from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. William Blair began coverage on American Software in a research report on Wednesday, April 3rd. They issued an “outperform” rating and a $12.03 target price on the stock. Finally, Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $12.34.
American Software (NASDAQ:AMSWA) last released its quarterly earnings data on Wednesday, February 20th. The software maker reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The business had revenue of $27.00 million for the quarter, compared to analyst estimates of $28.91 million. American Software had a return on equity of 6.80% and a net margin of 5.54%. As a group, sell-side analysts forecast that American Software, Inc. will post 0.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, May 9th. American Software’s payout ratio is 122.22%.
In related news, Director Dennis Hogue sold 24,850 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $11.52, for a total value of $286,272.00. Following the completion of the transaction, the director now directly owns 3,274 shares of the company’s stock, valued at approximately $37,716.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James C. Edenfield sold 7,800 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.89, for a total value of $92,742.00. Following the completion of the transaction, the insider now directly owns 60,210 shares of the company’s stock, valued at $715,896.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,584 shares of company stock valued at $1,521,784. Corporate insiders own 11.24% of the company’s stock.
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American Software Company Profile
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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