Acadian Asset Management LLC Has $1.71 Million Stake in American Software, Inc. (NASDAQ:AMSWA)

Acadian Asset Management LLC has decreased its stake in American Software, Inc. by 52.3% in the first quarter, according to its disclosure with the Securities & Exchange Commission. Other institutional investors have also adjusted their stakes in AMSWA. American Software announced a quarterly dividend of $0.11 per share. Wall Street analysts have lowered their price target on American Software.

Acadian Asset Management LLC lowered its stake in shares of American Software, Inc. (NASDAQ:AMSWA - Free Report) by 52.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,692 shares of the software maker's stock after selling 164,067 shares during the quarter. Acadian Asset Management LLC owned about 0.45% of American Software worth $1,713,000 at the end of the most recent quarter.

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American Software Stock is a Pullback Opportunity

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMSWA. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American Software by 89.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker's stock valued at $77,000 after acquiring an additional 3,215 shares during the period. Tower Research Capital LLC TRC grew its position in American Software by 526.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,282 shares of the software maker's stock worth $82,000 after purchasing an additional 6,120 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of American Software by 37.8% during the 4th quarter. SG Americas Securities LLC now owns 12,578 shares of the software maker's stock worth $142,000 after purchasing an additional 3,448 shares during the period. Cornerstone Investment Partners LLC acquired a new position in shares of American Software during the first quarter valued at about $168,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of American Software in the fourth quarter valued at about $180,000. Institutional investors and hedge funds own 76.98% of the company's stock.

Insider Buying and Selling at American Software

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

American Software Stock Performance

NASDAQ:AMSWA opened at $9.66 on Thursday. The company has a 50-day moving average of $9.64 and a 200-day moving average of $10.55. American Software, Inc. has a 52 week low of $8.41 and a 52 week high of $12.58. The company has a market capitalization of $321.48 million, a price-to-earnings ratio of 28.41 and a beta of 0.71.

American Software (NASDAQ:AMSWA - Get Free Report) last announced its quarterly earnings results on Thursday, June 6th. The software maker reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. American Software had a net margin of 10.75% and a return on equity of 8.90%. The firm had revenue of $25.39 million during the quarter, compared to analysts' expectations of $24.87 million. Sell-side analysts forecast that American Software, Inc. will post 0.17 EPS for the current year.

American Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.44 annualized dividend and a yield of 4.55%. American Software's dividend payout ratio is currently 129.42%.

Wall Street Analyst Weigh In

Separately, B. Riley lowered their price target on American Software from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, June 7th.

Check Out Our Latest Research Report on AMSWA

American Software Company Profile

(Free Report)

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.

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