American Software, Inc. (NASDAQ:AMSWA) Shares Purchased by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV grew its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 157,139 shares of the software maker’s stock after purchasing an additional 6,700 shares during the quarter. American Software accounts for 0.9% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 28th largest position. Investors Asset Management of Georgia Inc. GA ADV owned about 0.46% of American Software worth $1,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMSWA. Vanguard Group Inc. increased its holdings in American Software by 25.1% in the third quarter. Vanguard Group Inc. now owns 2,143,735 shares of the software maker’s stock worth $32,842,000 after buying an additional 429,879 shares during the last quarter. Cove Street Capital LLC bought a new position in shares of American Software in the third quarter valued at approximately $4,195,000. Millennium Management LLC boosted its holdings in shares of American Software by 941.2% during the 2nd quarter. Millennium Management LLC now owns 318,323 shares of the software maker’s stock worth $5,144,000 after buying an additional 287,750 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in American Software by 247.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 274,069 shares of the software maker’s stock valued at $3,141,000 after buying an additional 195,135 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in American Software by 114.0% during the 3rd quarter. Acadian Asset Management LLC now owns 361,829 shares of the software maker’s stock worth $4,144,000 after acquiring an additional 192,737 shares during the last quarter. Institutional investors own 76.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised American Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

American Software Price Performance

Shares of AMSWA stock remained flat at $10.59 during trading hours on Thursday. The stock had a trading volume of 169,416 shares, compared to its average volume of 194,715. American Software, Inc. has a one year low of $9.38 and a one year high of $13.72. The business’s fifty day simple moving average is $11.20 and its two-hundred day simple moving average is $11.02. The company has a market capitalization of $351.80 million, a PE ratio of 30.26 and a beta of 0.70.

American Software (NASDAQ:AMSWA) last released its earnings results on Thursday, February 22nd. The software maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. The business had revenue of $25.54 million for the quarter, compared to the consensus estimate of $24.12 million. American Software had a return on equity of 9.14% and a net margin of 10.94%. Equities research analysts forecast that American Software, Inc. will post 0.28 earnings per share for the current fiscal year.

American Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, May 2nd. American Software’s dividend payout ratio is 125.72%.

American Software Company Profile

American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.