272 Capital LP Acquires 117,837 Shares of American Software, Inc. (NASDAQ:AMSWA)

272 Capital LP lifted its holdings in American Software, Inc. (NASDAQ:AMSWA - Free Report) by 36.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,701 shares of the software maker's stock after acquiring an additional 117,837 shares during the period. American Software makes up 2.0% of 272 Capital LP's portfolio, making the stock its 18th biggest position. 272 Capital LP owned about 1.32% of American Software worth $4,005,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Jump Financial LLC boosted its holdings in American Software by 82.7% in the 4th quarter. Jump Financial LLC now owns 24,100 shares of the software maker's stock worth $272,000 after acquiring an additional 10,911 shares during the period. Isthmus Partners LLC boosted its stake in shares of American Software by 4.7% in the fourth quarter. Isthmus Partners LLC now owns 184,610 shares of the software maker's stock valued at $2,086,000 after purchasing an additional 8,226 shares during the period. Eagle Asset Management Inc. grew its holdings in American Software by 44.6% during the 4th quarter. Eagle Asset Management Inc. now owns 480,697 shares of the software maker's stock valued at $5,432,000 after purchasing an additional 148,368 shares in the last quarter. Cove Street Capital LLC increased its stake in American Software by 48.4% during the 4th quarter. Cove Street Capital LLC now owns 570,953 shares of the software maker's stock worth $6,452,000 after buying an additional 186,133 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in American Software by 14.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 44,961 shares of the software maker's stock worth $508,000 after buying an additional 5,605 shares in the last quarter. Hedge funds and other institutional investors own 76.98% of the company's stock.

Insiders Place Their Bets

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

American Software Price Performance

NASDAQ:AMSWA traded up $0.12 during midday trading on Tuesday, reaching $11.05. 171,570 shares of the company traded hands, compared to its average volume of 222,528. The firm has a market capitalization of $367.76 million, a price-to-earnings ratio of 32.50 and a beta of 0.76. The company has a fifty day moving average price of $10.60 and a 200 day moving average price of $10.38. American Software, Inc. has a twelve month low of $8.41 and a twelve month high of $12.27.

American Software (NASDAQ:AMSWA - Get Free Report) last posted its earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. American Software had a net margin of 10.39% and a return on equity of 8.98%. The firm had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. During the same period in the previous year, the business posted $0.08 EPS. On average, equities research analysts forecast that American Software, Inc. will post 0.19 earnings per share for the current fiscal year.

American Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 3.98%. American Software's payout ratio is 129.41%.

Analyst Ratings Changes

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

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 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.