The Alambic Investment Management LP Acquires 11700 Shares of American Software, Inc …

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Alambic Investment Management L.P. raised its position in American Software, Inc. (NASDAQ:AMSWA) by 16.1% during the third quarter, Holdings Channel reports. The institutional investor owned 84,360 shares of the company’s stock after buying an additional 11,700 shares during the period. Alambic Investment Management L.P. owned about 0.29% of American Software worth $936,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMSWA. BOKF NA increased its stake in shares of American Software by 0.4% in the second quarter. BOKF NA now owns 19,347 shares of the company’s stock valued at $203,000 after buying an additional 80 shares during the period. Stifel Financial Corp increased its stake in shares of American Software by 0.4% in the second quarter. Stifel Financial Corp now owns 62,085 shares of the company’s stock valued at $651,000 after buying an additional 233 shares during the period. Alliancebernstein L.P. increased its stake in shares of American Software by 2.2% in the second quarter. Alliancebernstein L.P. now owns 22,792 shares of the company’s stock valued at $239,000 after buying an additional 500 shares during the period. California State Teachers Retirement System increased its stake in shares of American Software by 2.5% in the second quarter. California State Teachers Retirement System now owns 54,086 shares of the company’s stock valued at $567,000 after buying an additional 1,344 shares during the period. Finally, Southeast Asset Advisors Inc. increased its stake in shares of American Software by 3.4% in the second quarter. Southeast Asset Advisors Inc. now owns 40,710 shares of the company’s stock valued at $427,000 after buying an additional 1,357 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

American Software, Inc. (NASDAQ:AMSWA) traded up 0.78% during trading on Friday, reaching $10.31. 26,960 shares of the company’s stock traded hands. The company has a 50 day moving average of $10.75 and a 200 day moving average of $10.73. American Software, Inc. has a one year low of $8.56 and a one year high of $11.94. The firm has a market cap of $301.50 million, a price-to-earnings ratio of 39.81 and a beta of 0.68.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, February 10th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, February 8th. American Software’s dividend payout ratio (DPR) is presently 169.24%.

AMSWA has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of American Software from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. B. Riley restated a “buy” rating and set a $12.50 target price on shares of American Software in a research note on Tuesday, November 29th.

In related news, insider James R. Mcguone sold 15,523 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $10.45, for a total transaction of $162,215.35. Following the transaction, the insider now owns 11,896 shares in the company, valued at approximately $124,313.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman James C. Edenfield sold 2,544 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $10.73, for a total value of $27,297.12. The disclosure for this sale can be found here. Insiders own 14.39% of the company’s stock.

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.

Want to see what other hedge funds are holding AMSWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Software, Inc. (NASDAQ:AMSWA).

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