Foundry Partners LLC increases holdings in American Software, Inc. (NASDAQ:AMSWA)

VaselineSeptember 7, 2024

0 4 minutes read

Foundry Partners LLC raised its stake in American Software, Inc. (NASDAQ:AMSWA – Free Report ) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,085 shares of the software maker’s stock after buying an additional 39,685 shares during the quarter. Foundry Partners LLC’s holdings in American Software were worth $3,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Software by 89.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,803 shares of the software maker’s stock worth $77,000 after buying an additional 3,215 shares in the last quarter. Lazard Asset Management LLC acquired a new position in American Software in the 1st quarter worth about $92,000. EntryPoint Capital LLC acquired a new position in American Software in the 1st quarter worth approximately $103,000. Cornerstone Investment Partners LLC purchased a new position in American Software in the first quarter valued at approximately $168,000. Finally, Kings Path Partners LLC purchased a new position in American Software in the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 76.98% of the company’s shares.

Insider activity at American Software

In related news, Director James B. Miller, Jr. purchased 3,718 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now owns 719 shares in the company, valued at approximately $6,578.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other American Software news, Director James B. Miller, Jr. acquired 3,718 shares of the business’s stock in a transaction on Monday, July 1st. The shares were acquired at an average cost of $9.15 per share, for a total transaction of $34,019.70. Following the purchase, the director now directly owns 719 shares of the company’s stock, valued at approximately $6,578.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew G. Mckenna acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average price 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. Disclosure for this purchase can be found here. 11.37% of shares are currently held by corporate insiders.

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Shares of American Software stock opened at $10.91 on Friday. The company has a 50 day simple moving average of $10.21 and a two hundred day simple moving average of $10.41. The company has a market cap of $363.10 million, a P/E ratio of 32.09 and a beta of 0.71. American Software, Inc. it has a 52-week low of $8.41 and a 52-week high of $12.27.

American Software (NASDAQ:AMSWA – Get Free Report ) last released its quarterly 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. The business had revenue of $26.19 million during the quarter, compared to the consensus estimate of $24.89 million. American Software had a return on equity of 8.93% and a net margin of 10.39%. During the same period in the previous year, the company posted EPS of $0.08. Research analysts anticipate that American Software, Inc. will post 0.19 EPS for the current fiscal year.

American Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, November 15. This represents a dividend of $0.44 on an annualized basis and a dividend yield of 4.03%. American Software’s dividend payout ratio (DPR) is currently 129.41%.

Analysts on Wall Street are forecasting an increase

A number of equities analysts have covered the company. Maxim Group boosted their price target on American Software from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. B. Riley dropped their price target on American Software from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, June 7th.

Check out our latest analysis on AMSWA

About American software

(Free report)

American Software, Inc develops, markets and supports a range of business application software products for computers in the United States and internationally. It operates through Supply Chain Management (SCM), IT Consulting and Other segments. The SCM segment uses a single platform that covers eight supply chain process areas, including product, demand, inventory, network optimization supply, deployment aligned with integrated business planning, and supply chain data management.