The EC of American Software (NASDAQ: AMSWA) is Buying Shares

By Carrie Williams

Today, the EC of American Software (NASDAQ: AMSWA), James Edenfield, bought shares of AMSWA for $134.6K.

This is Edenfield’s first Buy trade following 39 Sell transactions. Following this transaction James Edenfield’s holding in the company was increased by 25% to a total of $702.6K.

Based on American Software’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $26.34 million and quarterly net profit of $2.48 million. In comparison, last year the company earned revenue of $26.15 million and had a net profit of $412K. AMSWA’s market cap is $348.1M and the company has a P/E ratio of 19.85. The company has a one-year high of $13.05 and a one-year low of $9.

Starting in June 2013, AMSWA received 25 Buy ratings in a row.

In the last 30 days, insiders have sold $175.7K worth of AMSWA shares and purchased $134.6K worth of AMSWA shares. The insider sentiment on American Software has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

James Edenfield’s trades have generated a -3.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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American Software, Inc. provides demand driven supply chain management and enterprise software solutions. The firm’s software and services are designed to bring business value to enterprises by supporting their operations over intranets, extranets, client/servers or the Internet.