Dalton Greiner Hartman Maher & Co. Raises Stake in American Software Inc. (AMSWA)
Dalton Greiner Hartman Maher & Co. increased its position in American Software Inc. (NASDAQ:AMSWA) by 16.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,682 shares of the company’s stock after buying an additional 22,161 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.53% of American Software worth $1,706,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in shares of American Software by 31.6% in the second quarter. Royce & Associates LP now owns 229,042 shares of the company’s stock worth $2,400,000 after buying an additional 55,000 shares in the last quarter. WCM Investment Management CA raised its stake in shares of American Software by 23.3% in the second quarter. WCM Investment Management CA now owns 319,339 shares of the company’s stock worth $3,347,000 after buying an additional 60,249 shares in the last quarter. Teton Advisors Inc. raised its stake in shares of American Software by 17.4% in the second quarter. Teton Advisors Inc. now owns 169,113 shares of the company’s stock worth $1,772,000 after buying an additional 25,100 shares in the last quarter. Brown Capital Management LLC raised its stake in shares of American Software by 0.4% in the second quarter. Brown Capital Management LLC now owns 4,227,969 shares of the company’s stock worth $44,309,000 after buying an additional 18,700 shares in the last quarter. Finally, Stanley Laman Group Ltd. acquired a new stake in shares of American Software during the second quarter worth $828,000. 74.55% of the stock is currently owned by hedge funds and other institutional investors.
American Software Inc. (NASDAQ:AMSWA) traded down 2.56% during mid-day trading on Wednesday, reaching $11.02. 49,108 shares of the company’s stock traded hands. American Software Inc. has a 52-week low of $8.56 and a 52-week high of $11.94. The company has a 50-day moving average of $10.68 and a 200-day moving average of $10.56. The company has a market capitalization of $320.72 million, a price-to-earnings ratio of 34.44 and a beta of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.99%. The ex-dividend date is Wednesday, February 8th. American Software’s dividend payout ratio (DPR) is 137.50%.
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A number of equities research analysts have weighed in on AMSWA shares. B. Riley reaffirmed a “buy” rating and issued a $12.50 price objective on shares of American Software in a report on Tuesday, August 23rd. Zacks Investment Research raised American Software from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Monday, August 29th.
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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