Connors Investor Services Inc. Buys 2,000 Shares of American Software, Inc. (NASDAQ:AMSWA)

Connors Investor Services Inc. boosted its stake in American Software, Inc. (NASDAQ:AMSWA) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,000 shares of the software maker’s stock after buying an additional 2,000 shares during the quarter. Connors Investor Services Inc. owned approximately 0.07% of American Software worth $201,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMSWA. Foundry Partners LLC purchased a new stake in shares of American Software during the first quarter valued at approximately $3,852,000. Cove Street Capital LLC increased its position in shares of American Software by 48.4% during the 4th quarter. Cove Street Capital LLC now owns 570,953 shares of the software maker’s stock valued at $6,452,000 after purchasing an additional 186,133 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of American Software by 44.6% during the 4th quarter. Eagle Asset Management Inc. now owns 480,697 shares of the software maker’s stock worth $5,432,000 after purchasing an additional 148,368 shares during the period. Isthmus Partners LLC boosted its holdings in shares of American Software by 49.8% in the 1st quarter. Isthmus Partners LLC now owns 276,616 shares of the software maker’s stock worth $3,167,000 after buying an additional 92,006 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in American Software during the first quarter valued at about $868,000. 76.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMSWA has been the subject of several research reports. Maxim Group increased their price objective on American Software from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley dropped their price target on American Software from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, June 7th.

Insider Activity

In other news, Director James B. Miller, Jr. bought 3,718 shares of the stock in a transaction on Monday, July 1st. The shares were acquired at an average cost of $9.15 per share, for a total transaction of $34,019.70. Following the purchase, the director now directly owns 719 shares of the company’s stock, valued at approximately $6,578.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other American Software news, Director Matthew G. Mckenna acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of $8.53 per share, with a total value of $42,650.00. Following the completion of the acquisition, the director now owns 37,350 shares of the company’s stock, valued at $318,595.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James B. Miller, Jr. bought 3,718 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average cost of $9.15 per share, for a total transaction of $34,019.70. Following the completion of the purchase, the director now directly owns 719 shares of the company’s stock, valued at $6,578.85. The disclosure for this purchase can be found here. Company insiders own 11.37% of the company’s stock.

American Software Trading Up 0.4 %

Shares of AMSWA stock opened at $10.99 on Tuesday. The firm’s 50 day moving average is $10.43 and its 200 day moving average is $10.39. The stock has a market capitalization of $365.76 million, a P/E ratio of 32.32 and a beta of 0.76. American Software, Inc. has a 12 month low of $8.41 and a 12 month high of $12.27.

American Software (NASDAQ:AMSWA) last posted its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $26.19 million for the quarter, compared to the consensus estimate of $24.89 million. American Software had a return on equity of 8.98% and a net margin of 10.39%. During the same quarter in the prior year, the business posted $0.08 earnings per share. On average, equities analysts predict that American Software, Inc. will post 0.19 EPS for the current year.

American Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, November 15th. American Software’s dividend payout ratio is presently 129.41%.

American Software 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.