The most recent 13F filing that Eagle Asset Management INC submitted to the Securities and Exchange Commission revealed that during the third quarter of this year, the investment management firm increased its holdings of American Software, INC (NASDAQ: AMSWA).
The company has a total of 558,753 shares of the software developer’s stock in its possession after making additional purchases of 32,929 during the period in question, bringing the total number of shares it owns to 558,753.
In their most recent SEC report, Eagle Asset Management INC stated that they owned approximately 1.66% of American Software, valued at $8,560,000.
Several additional significant investors have also changed the proportion of the company’s shares they own.
During the third quarter, Raymond James & Associates increased the amount of American Software stock owned by 0.8%, bringing its total ownership percentage to 100%. Raymond James & Associates, the current owner, currently holds the software manufacturer’s stock.
The company currently holds a total of 88,874 shares, valued at $1,362,000, after purchasing an additional 673 shares during the most recent quarter.
During the second quarter, Investors Asset Management of Georgia INC (GA ADV) increased the proportion of American Software stock owned by 0.5 percent. GA ADV increased its holdings in the stock of the software manufacturer during the most recent quarter by purchasing an additional 725 shares.
This brought the total number of shares acquired to 159,244, valued at $2,573,000.
During the third quarter, Royce & Associates LP achieved a 0.9% increase in the proportion of American Software stock it owned. Following the acquisition of 770 additional shares during the most recent quarter, Royce & Associates LP now has 84,461 shares of the software developer’s stock.
The total value of the holdings that Royce & Associates LP has in this stock is 1,294,000 dollars.
During the second quarter, Legal & General Group Plc made a 5.9% purchase of additional American Software stock, bringing the total amount of the company’s holdings to 100%.
After making an additional purchase of 852 shares during the most recent fiscal quarter, Legal & General Group Plc now directly owns 15,352 shares in the software producer.
The total value of these shares is $248,000 at present.
And finally, during the third quarter, Sawtooth Solutions LLC increased the percentage of American Software shares it already owned by 7.3%, bringing the total percentage of shares it owns in the company up to 7.3% overall. Sawtooth Solutions LLC now holds 16,905 shares of the software manufacturer’s stock after purchasing an additional 1,144 shares during the most recent period.
The stock has a value of $259,000, and Sawtooth Solutions LLC’s holdings are worth $259,000.
To the tune of 81.67% of the company’s shares, hedge funds, and other institutional investors are the owners of those shares.
On Friday morning, the price of an AMSWA share was $15.78 when trading first got underway.
The stock’s moving averages for the past 50 and 200 days are currently $14.61 and $15.90, respectively.
The stock’s current price is $14.61 share was $15.78 when trading first got underway.
The stock’s moving averages for the past 50 and 200 days are currently $14.61 and $15.90, respectively.
The current price of the stock is $14.61.
The lowest point in the past year for American Software, INC was $13.39, while the company reached its all-time high of $22.53 during the same period.
The company has a price-to-earnings ratio of 50.90, a market capitalization of $532.42 million, and a beta value of 0.80.
On Thursday, November 17, American Software (NASDAQ: AMSWA) made public the financial results for the most recent fiscal year that it had been involved in.
The information technology software company reported quarterly earnings of $0.07 per share, which is $0.03 higher than the average forecast of $0.04 per share.
The prosperous performance of American Software led to a return on equity of 8.32% and a net margin of 8.27% in the company’s financial statements.
The company’s sales for the quarter came in at $31.44 million, which is significantly lower than the consensus expectation of $32.98 million projected for the company’s sales.
According to forecasts provided by analysts in the relevant industry, American Software, INC’s current financial year is anticipated to result in earnings of 0.23 cents per share.
In addition, the corporation has recently announced a quarterly dividend, which is planned to be distributed on February 17. Shareholders who were “of record” as of the date, which was set for Friday, February 3, will be eligible to receive a dividend payment of $0.11 per share.
The date for this distribution was set. On this coming Thursday, February 2, dividends are expected to be distributed to shareholders. When calculated on an annualized basis, this results in a dividend payment of $0.44 and a yield of 2.79% for the investment.
In the case of American Software, the payout rate comes in at 141.94 percent.
Over the past few months, AMSWA has successfully attracted the attention of various research companies.
B. Riley stated in a report distributed on November 18 that they would be reducing their price objective for American Software from $23.00 to $21.50 and that this change would take effect immediately.
Maxim Group stated in a report made available to the public on Friday, November 18, that they would lower their target price for American Software from $29.00 to $22.00.
TheStreet lowered its previous rating of “b-” for American Software to a rating of “c+” in a report made public on Monday, October 24.
Last but not least, on Wednesday, October 12, American software coverage was first introduced on StockNews.com in the form of a research note.
They recommended purchasing shares of the company as a whole.
The primary focus is the production and marketing of enterprise software and supply chain management.
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