American Software, Inc. to Issue Quarterly Dividend of $0.11 (AMSWA)
American Software, Inc. (NASDAQ:AMSWA) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.11 per share by the software maker on Friday, February 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, February 8th.
American Software (AMSWA) opened at $12.11 on Friday. The stock has a market capitalization of $354.64, a price-to-earnings ratio of 22.94 and a beta of 0.81. American Software has a 12 month low of $9.00 and a 12 month high of $12.54.
In related news, Director J Michael Edenfield sold 7,915 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $11.01, for a total transaction of $87,144.15. Following the sale, the director now owns 423,668 shares of the company’s stock, valued at approximately $4,664,584.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vincent C. Klinges sold 20,127 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $11.35, for a total value of $228,441.45. Following the sale, the chief financial officer now directly owns 116,965 shares in the company, valued at approximately $1,327,552.75. The disclosure for this sale can be found here. Insiders have sold a total of 230,861 shares of company stock worth $2,550,422 in the last ninety days. Insiders own 13.89% of the company’s stock.
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AMSWA has been the topic of a number of recent research reports. Zacks Investment Research cut American Software from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating and set a $12.25 price target on shares of American Software in a research report on Sunday, September 3rd. Finally, BidaskClub cut American Software from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.
About American Software
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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