Renaissance Technologies LLC Sells 105,800 Shares of American Software, Inc. (NASDAQ:AMSWA)

Renaissance Technologies LLC reduced its position in shares of American Software, Inc. (NASDAQ:AMSWA - Free Report) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,429,800 shares of the software maker's stock after selling 105,800 shares during the period. Renaissance Technologies LLC owned approximately 4.30% of American Software worth $13,054,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMSWA. Dimensional Fund Advisors LP raised its stake in American Software by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,155,078 shares of the software maker's stock valued at $10,546,000 after purchasing an additional 33,089 shares in the last quarter. Herald Investment Management Ltd lifted its holdings in shares of American Software by 7.1% during the 2nd quarter. Herald Investment Management Ltd now owns 750,000 shares of the software maker's stock worth $6,862,000 after acquiring an additional 50,000 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of American Software by 720.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,568 shares of the software maker's stock worth $60,000 after acquiring an additional 5,767 shares during the last quarter. Quest Partners LLC grew its position in American Software by 113,625.0% in the second quarter. Quest Partners LLC now owns 45,490 shares of the software maker's stock worth $415,000 after acquiring an additional 45,450 shares in the last quarter. Finally, Isthmus Partners LLC increased its stake in American Software by 11.3% in the second quarter. Isthmus Partners LLC now owns 307,832 shares of the software maker's stock valued at $28,000 after acquiring an additional 31,216 shares during the last quarter. Institutional investors own 76.98% of the company's stock.

Insider Buying and Selling at American Software

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. B. Riley cut their price objective on shares of American Software from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, June 7th. Maxim Group lifted their price target on American Software from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd.

American Software Price Performance

AMSWA traded down $0.01 during midday trading on Monday, reaching $10.93. 125,506 shares of the company's stock traded hands, compared to its average volume of 222,806. The stock has a market capitalization of $363.76 million, a price-to-earnings ratio of 32.15 and a beta of 0.76. American Software, Inc. has a 52 week low of $8.41 and a 52 week high of $12.27. The firm has a fifty day moving average of $10.58 and a two-hundred day moving average of $10.38.

American Software (NASDAQ:AMSWA - Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $26.19 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.08 earnings per share. Sell-side analysts forecast that American Software, Inc. will post 0.19 EPS for the current year.

American Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 4.03%. American Software's dividend payout ratio (DPR) is presently 129.41%.

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 two segments, Supply Chain Management (SCM) and Other. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, supply, network optimization, order response, supplier management, and scenario planning.