Cadence Capital Management LLC grew its position in shares of American Software, Inc. (NASDAQ:AMSWA) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,439 shares of the software maker’s stock after buying an additional 4,951 shares during the quarter. Cadence Capital Management LLC’s holdings in American Software were worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of American Software in the 1st quarter valued at approximately $909,000. Teton Advisors Inc. grew its holdings in shares of American Software by 6.4% during the 1st quarter. Teton Advisors Inc. now owns 221,380 shares of the software maker’s stock valued at $2,645,000 after purchasing an additional 13,296 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of American Software by 25.5% during the 1st quarter. Bridges Investment Management Inc. now owns 43,830 shares of the software maker’s stock valued at $524,000 after purchasing an additional 8,900 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of American Software by 2,671.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after purchasing an additional 5,770 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of American Software by 0.5% during the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 158,895 shares of the software maker’s stock valued at $1,899,000 after purchasing an additional 805 shares during the last quarter. 75.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ AMSWA opened at $13.01 on Friday. The company has a market capitalization of $401.19 million, a PE ratio of 36.14 and a beta of 0.66. American Software, Inc. has a 52-week low of $8.99 and a 52-week high of $18.94.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Wednesday, February 20th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.04. The firm had revenue of $27.00 million for the quarter, compared to the consensus estimate of $28.91 million. American Software had a net margin of 5.54% and a return on equity of 6.80%. Equities research analysts forecast that American Software, Inc. will post 0.25 earnings per share for the current fiscal year.
In related news, CFO Vincent C. Klinges sold 19,072 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $11.76, for a total transaction of $224,286.72. Following the transaction, the chief financial officer now owns 115,910 shares in the company, valued at approximately $1,363,101.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James C. Edenfield sold 7,800 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.89, for a total transaction of $92,742.00. Following the transaction, the insider now owns 60,210 shares in the company, valued at approximately $715,896.90. The disclosure for this sale can be found here. Insiders have sold a total of 130,584 shares of company stock worth $1,521,784 in the last quarter. 11.24% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of American Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 9th. William Blair assumed coverage on shares of American Software in a report on Wednesday, April 3rd. They set an “outperform” rating and a $12.03 target price on the stock. ValuEngine raised shares of American Software from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Zacks Investment Research raised shares of American Software from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.34.
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.
Further Reading: Dividend
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