Insiders Selling, Short Interest Growing American Software, Inc. (NASDAQ:AMSWA)


Here is a rundown on some insider market activity for American Software, Inc. (NASDAQ:AMSWA). H. Allan Dow, President let go of $88,278 worth of shares at an average price of $11.05 on Tue the 5th. The President now owns $0 of the stock as reported to the SEC. Secretary James R. Mcguone sold 1,705 shares at an average price of $10.54 on Tue the 27th. Mcguone now owns $0 of stock per an SEC filing yesterday.

American Software, Inc. (American Software), launched on May 21, 1970, 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. The SCM segment consists of the Business’s subsidiary, Logility, Inc. (Logility) and its subsidiary, Demand Management, Inc. (DMI) (collectively Logility), both of which provide supply chain and retail planning solutions to streamline and optimize the forecasting, inventory, production, supply, allocation, distribution and management of products between trading partners. The ERP segment consists of American Software ERP, which provides business software for manufacturers and distributors across the aerospace, automotive, consumer goods, energy, government, pharmaceuticals, transportation and utility vertical markets, and New Generation Computing, Inc. (NGC), which provides industry-specific business software to both retailers and manufacturers in the apparel, footwear, sewn products and furniture industries. The IT Consulting segment consists of The Proven Method, Inc., an IT staffing and consulting services firm. The Company also provides support for its software products, such as software enhancements, documentation, updates, customer education, consulting, systems integration services, maintenance and support services..

These firms have also modified their investment in AMSWA. As of quarter end Stanley-laman Group, Ltd. had disposed of 5,907 shares trimming its stake by 4.5%. The value in dollars decreased from $1,346,000 to $1,286,000 a change of 4.5% quarter to quarter. Trexquant Investment Lp augmented its investment by buying 5,052 shares an increase of 28.6% from 03/31/2017 to 06/30/2017. Trexquant Investment Lp claims 22,700 shares worth $234,000. The total value of its holdings increased 29.3%.

As of the end of the quarter Ubs Group Ag had bought a total of 836 shares growing its position 117.1%. The value of the investment in AMSWA went from $7,000 to $16,000 increasing 128.6% quarter over quarter. Pacific Ridge Capital Partners, LLC cut its position by selling 1,520 shares a decrease of 2.1% in the quarter. Pacific Ridge Capital Partners, LLC controls 69,950 shares with a value of $720,000. The value of the position overall is down by 2.0%.

In the market the company is trading unchanged by 0.00%% since yesterday’s close of 11.03. The company also announced a dividend for shareholders to be paid on Monday December 4th, 2017. The dividend will be $0.110 per share for the quarter or $0.44 annualized. This dividend represents a yield of $4.00. The ex-dividend date will be on Wednesday the 9th of August 2017.

Shares are trading at $11.03 well above $9.84, the 50 day moving average and which is a tad above the 200 day moving average of $10.42. The 50 day moving average moved up $1.19 and the 200 day average was up $0.61.

American Software, Inc.’s P/E ratio is 21.25 and market cap is 327.26M. In the last earnings report the EPS was $0.52 and is projected to be $0.35 for the current year with 29,670,000 shares presently outstanding. Next quarter’s EPS is expected be $0.08 with next year’s EPS projected to be $0.35.

Short traders are feeling a little more bearish recently if you pay attention to the change in short interest. The firm saw a rise in short interest of 9.29% as of the latest report on August 15, 2017. Short shares grew 14,783 over that timeframe. Days to cover decreased from 4.4 to 3.0 and the short interest percentage is 0.01% as of August 15.