Deprince Race & Zollo Inc. Cuts Stock Holdings in American Software, Inc. (NASDAQ:AMSWA)

Deprince Race & Zollo Inc. decreased its holdings in American Software, Inc. (NASDAQ:AMSWA - Free Report) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,022,775 shares of the software maker's stock after selling 62,566 shares during the period. Deprince Race & Zollo Inc. owned 3.07% of American Software worth $9,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its stake in 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 acquiring an additional 8,226 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in American Software by 44.6% in the fourth quarter. Eagle Asset Management Inc. now owns 480,697 shares of the software maker's stock valued at $5,432,000 after buying an additional 148,368 shares in the last quarter. Cove Street Capital LLC increased its stake in shares of American Software by 48.4% during the fourth quarter. Cove Street Capital LLC now owns 570,953 shares of the software maker's stock worth $6,452,000 after purchasing an additional 186,133 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in shares of American Software by 14.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 44,961 shares of the software maker's stock worth $508,000 after purchasing an additional 5,605 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of American Software by 2.1% during the fourth quarter. Wellington Management Group LLP now owns 342,125 shares of the software maker's stock worth $3,866,000 after purchasing an additional 7,100 shares in the last quarter. 76.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMSWA has been the topic of several recent analyst reports. Maxim Group upped their price objective on shares of American Software from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. B. Riley lowered their target price on shares of American Software from $16.00 to $14.00 and set a "buy" rating for the company in a report on Friday, June 7th.

Insider Activity at American Software

In related news, Director James B. Miller, Jr. bought 3,718 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 719 shares of the company's stock, valued at $6,578.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.37% of the stock is currently owned by company insiders.

American Software Trading Up 1.1 %

AMSWA traded up $0.12 on Friday, reaching $11.07. The company had a trading volume of 124,508 shares, compared to its average volume of 221,391. The company has a fifty day moving average of $10.68 and a 200-day moving average of $10.39. The company has a market capitalization of $368.42 million, a P/E ratio of 32.56 and a beta of 0.76. American Software, Inc. has a one year low of $8.41 and a one year high of $12.27.

American Software (NASDAQ:AMSWA - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping 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 business had revenue of $26.19 million during the quarter, compared to analyst estimates of $24.89 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Research analysts predict that American Software, Inc. will post 0.19 EPS for the current year.

American Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors 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 dividend on an annualized basis and a dividend yield of 3.97%. American Software's dividend payout ratio is 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 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.