Independent Advisor Alliance Increases Stake in American Software, Inc. (NASDAQ:AMSWA)

Independent Advisor Alliance increased its holdings in American Software, Inc. (NASDAQ:AMSWAFree Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,923 shares of the software maker’s stock after acquiring an additional 3,320 shares during the quarter. Independent Advisor Alliance owned approximately 0.34% of American Software worth $1,321,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cove Street Capital LLC purchased a new stake in American Software during the third quarter valued at approximately $4,195,000. Acadian Asset Management LLC boosted its holdings in American Software by 114.0% in the third quarter. Acadian Asset Management LLC now owns 361,829 shares of the software maker’s stock worth $4,144,000 after acquiring an additional 192,737 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of American Software by 140.6% during the third quarter. Rhumbline Advisers now owns 315,958 shares of the software maker’s stock valued at $3,621,000 after acquiring an additional 184,657 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of American Software in the 3rd quarter valued at approximately $1,981,000. Finally, Numerai GP LLC boosted its stake in American Software by 79.4% in the 3rd quarter. Numerai GP LLC now owns 120,107 shares of the software maker’s stock worth $1,376,000 after purchasing an additional 53,149 shares in the last quarter. 76.98% of the stock is owned by hedge funds and other institutional investors.

American Software Price Performance

Shares of American Software stock opened at $10.45 on Monday. The stock has a market capitalization of $347.15 million, a P/E ratio of 29.86 and a beta of 0.71. The business has a 50 day simple moving average of $10.84 and a two-hundred day simple moving average of $10.89. American Software, Inc. has a 12 month low of $9.38 and a 12 month high of $13.72.

American Software (NASDAQ:AMSWAGet Free Report) last released its earnings results on Thursday, February 22nd. The software maker reported $0.15 earnings per share for the quarter, topping 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 business had revenue of $25.54 million for the quarter, compared to analyst estimates of $24.12 million. As a group, research analysts anticipate that American Software, Inc. will post 0.28 EPS for the current fiscal year.

American Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, May 2nd. American Software’s payout ratio is presently 125.72%.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on AMSWA

American Software Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for American Software (NASDAQ:AMSWA)

Receive News & Ratings for American Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Software and related companies with's FREE daily email newsletter.