Traders Purchase High Volume of American Software Call Options (NASDAQ:AMSWA)

American Software, Inc. (NASDAQ:AMSWA) was the target of some unusual options trading on Wednesday. Traders acquired 4,979 call options on the stock. This represents an increase of approximately 8,484% compared to the average volume of 58 call options.

Several equities analysts have recently issued reports on AMSWA shares. Sidoti raised American Software from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday. Zacks Investment Research raised American Software from a “sell” rating to a “hold” rating in a report on Tuesday, March 2nd. Finally, B. Riley upped their price target on American Software from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday.

In other news, CFO Vincent C. Klinges sold 3,647 shares of the business’s stock in a transaction dated Thursday, March 25th. The stock was sold at an average price of $20.60, for a total value of $75,128.20. Following the completion of the transaction, the chief financial officer now owns 100,485 shares of the company’s stock, valued at approximately $2,069,991. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew G. Mckenna sold 9,000 shares of the business’s stock in a transaction dated Thursday, March 25th. The shares were sold at an average price of $20.40, for a total value of $183,600.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $163,200. The disclosure for this sale can be found here. 9.11% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of American Software by 8.3% during the first quarter. Principal Financial Group Inc. now owns 22,930 shares of the software maker’s stock valued at $475,000 after acquiring an additional 1,755 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of American Software by 1.7% during the first quarter. California State Teachers Retirement System now owns 45,818 shares of the software maker’s stock valued at $948,000 after acquiring an additional 750 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of American Software by 22.6% during the first quarter. Royal Bank of Canada now owns 7,188 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,325 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of American Software during the first quarter valued at approximately $37,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of American Software by 1.6% during the first quarter. Nuveen Asset Management LLC now owns 117,237 shares of the software maker’s stock valued at $2,427,000 after acquiring an additional 1,845 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

NASDAQ AMSWA opened at $26.47 on Friday. The firm has a market cap of $865.78 million, a PE ratio of 155.71 and a beta of 0.50. American Software has a twelve month low of $13.25 and a twelve month high of $28.45. The business has a 50-day simple moving average of $20.44.

American Software (NASDAQ:AMSWA) last released its quarterly earnings results on Monday, June 7th. The software maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. American Software had a return on equity of 5.41% and a net margin of 4.98%. On average, research analysts forecast that American Software will post 0.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 27th. Shareholders of record on Friday, August 13th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.66%. American Software’s payout ratio is currently 169.23%.

About American Software

American Software, Inc develops, markets, and supports a range of computer business application software products and services in the United States and internationally. It operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers supply chain optimization and retail planning solutions, including sales and operations planning, demand optimization, inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization to streamline and optimize the forecasting, inventory, production, supply, allocation, distribution, and management of products between trading partners.

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