A Director at American Software (AMSWA) is Buying Shares


Today, a Director at American Software (NASDAQ: AMSWA), Thomas Newberry, bought shares of AMSWA for $24.93K.

Over the last month, Thomas Newberry has reported another 12 Buy trades on AMSWA for a total of $699.7K. This is Newberry’s first Buy trade following 8 Sell transactions.

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Based on American Software’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $29.36 million and quarterly net profit of $1.27 million. In comparison, last year the company earned revenue of $26.27 million and had a net profit of $10.28 million. AMSWA’s market cap is $450.3M and the company has a P/E ratio of 37.97. Currently, American Software has an average volume of 19.15K.

Starting in June 2013, AMSWA received 28 Buy ratings in a row.

In the last 30 days, insiders have sold $1.3M worth of AMSWA shares and purchased $52.11K worth of AMSWA shares. The insider sentiment on American Software has been negative according to 90 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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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.

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