Investors Asset Management of Georgia Inc. GA ADV Has $1.78 Million Stake in American Software, Inc. (NASDAQ:AMSWA)

Investors Asset Management of Georgia Inc. GA ADV boosted its position in American Software, Inc. (NASDAQ:AMSWA) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 157,139 shares of the software maker’s stock after purchasing an additional 6,700 shares during the quarter. American Software comprises 0.9% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 28th biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in American Software were worth $1,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMSWA. Raymond James & Associates lifted its stake in shares of American Software by 0.6% in the 3rd quarter. Raymond James & Associates now owns 152,602 shares of the software maker’s stock valued at $1,749,000 after purchasing an additional 980 shares during the period. Cove Street Capital LLC acquired a new position in American Software in the third quarter valued at approximately $4,195,000. Mackenzie Financial Corp boosted its holdings in shares of American Software by 31.9% during the 3rd quarter. Mackenzie Financial Corp now owns 16,746 shares of the software maker’s stock worth $187,000 after buying an additional 4,054 shares in the last quarter. Vanguard Group Inc. grew its position in shares of American Software by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,331,756 shares of the software maker’s stock worth $26,722,000 after buying an additional 13,979 shares during the period. Finally, Independent Advisor Alliance increased its stake in shares of American Software by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 113,603 shares of the software maker’s stock valued at $1,302,000 after acquiring an additional 1,756 shares in the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of American Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

American Software Price Performance

NASDAQ AMSWA remained flat at $10.59 during mid-day trading on Thursday. 169,416 shares of the company traded hands, compared to its average volume of 194,715. The stock has a market capitalization of $351.80 million, a price-to-earnings ratio of 30.26 and a beta of 0.70. The firm’s fifty day moving average price is $11.20 and its 200 day moving average price is $11.02. American Software, Inc. has a twelve month low of $9.38 and a twelve month high of $13.72.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.13. American Software had a net margin of 10.94% and a return on equity of 9.14%. The firm had revenue of $25.54 million during the quarter, compared to analysts’ expectations of $24.12 million. On average, analysts predict that American Software, Inc. will post 0.28 earnings per share for the current fiscal year.

American Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Thursday, May 2nd. American Software’s dividend payout ratio (DPR) is presently 125.72%.

American Software Company 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 Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other segments. The SCM segment leverages a single platform spanning eight supply chain process areas including product, demand, inventory, network optimization supply, deploy aligned with integrated business planning and supply chain data management.