Insider Selling: American Software, Inc. (AMSWA) Insider Sells $175,650.00 in Stock
American Software, Inc. (NASDAQ:AMSWA) insider James C. Edenfield sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $11.71, for a total value of $175,650.00. Following the completion of the sale, the insider now owns 75,000 shares of the company’s stock, valued at $878,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
American Software, Inc. (AMSWA) traded down $0.07 on Friday, reaching $11.84. The company had a trading volume of 61,482 shares, compared to its average volume of 58,156. American Software, Inc. has a 12-month low of $9.00 and a 12-month high of $13.05. The firm has a market capitalization of $351.98, a PE ratio of 20.19 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, February 8th. American Software’s dividend payout ratio is presently 78.57%.
A number of research firms have recently issued reports on AMSWA. Zacks Investment Research lowered American Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. B. Riley upped their price objective on American Software from $12.25 to $14.00 and gave the company a “buy” rating in a report on Monday, December 4th. Finally, BidaskClub cut American Software from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd.
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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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