John G Ullman & Associates Inc. lessened its stake in shares of American Software, Inc. (NASDAQ:AMSWA) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 794,051 shares of the software maker’s stock after selling 1,070 shares during the quarter. American Software comprises approximately 1.7% of John G Ullman & Associates Inc.’s portfolio, making the stock its 22nd biggest position. John G Ullman & Associates Inc. owned about 2.55% of American Software worth $9,488,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in American Software by 34.6% in the fourth quarter. Rhumbline Advisers now owns 49,095 shares of the software maker’s stock worth $513,000 after acquiring an additional 12,607 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of American Software by 468.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 893,442 shares of the software maker’s stock valued at $9,336,000 after buying an additional 736,266 shares in the last quarter. BlackRock Inc. increased its position in shares of American Software by 1.0% in the fourth quarter. BlackRock Inc. now owns 1,975,477 shares of the software maker’s stock valued at $20,644,000 after buying an additional 18,855 shares in the last quarter. Man Group plc purchased a new position in shares of American Software in the third quarter valued at $273,000. Finally, MetLife Investment Advisors LLC increased its position 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 buying an additional 7,474 shares in the last quarter. Institutional investors and hedge funds own 76.79% of the company’s stock.
Shares of AMSWA traded down $0.08 during trading hours on Friday, reaching $13.05. 32,555 shares of the company traded hands, compared to its average volume of 72,082. The firm has a market cap of $406.17 million, a P/E ratio of 36.25 and a beta of 0.66. American Software, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $18.94.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings data on Wednesday, February 20th. The software maker reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts forecast that American Software, Inc. will post 0.25 earnings per share for the current fiscal year.
In other American Software news, CFO Vincent C. Klinges sold 19,072 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $11.76, for a total value of $224,286.72. Following the sale, the chief financial officer now directly owns 115,910 shares of the company’s stock, valued at approximately $1,363,101.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dennis Hogue sold 24,850 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 3,274 shares in the company, valued at $37,716.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,584 shares of company stock worth $1,521,784. Corporate insiders own 11.24% of the company’s stock.
A number of research analysts have recently weighed in on AMSWA shares. Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. BidaskClub upgraded American Software from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. ValuEngine upgraded American Software from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, William Blair started coverage on American Software in a research report on Wednesday, April 3rd. They issued an “outperform” rating and a $12.03 price target for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. American Software currently has a consensus rating of “Buy” and an average target price of $12.34.
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About American Software
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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