5,160 Shares in Agilysys, Inc. (NASDAQ:AGYS) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,160 shares of the software maker's stock, valued at approximately $680,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Agilysys by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker's stock worth $290,983,000 after purchasing an additional 58,926 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Agilysys by 10.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,167,685 shares of the software maker's stock valued at $153,796,000 after acquiring an additional 108,827 shares during the period. FMR LLC boosted its position in shares of Agilysys by 58.3% in the fourth quarter. FMR LLC now owns 800,521 shares of the software maker's stock valued at $105,437,000 after acquiring an additional 294,831 shares during the period. Invesco Ltd. boosted its position in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock valued at $95,858,000 after acquiring an additional 585,886 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Agilysys by 521.7% in the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock valued at $80,347,000 after acquiring an additional 511,900 shares during the period. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Price Performance

Agilysys stock traded down $0.53 during mid-day trading on Wednesday, hitting $100.84. 64,688 shares of the company were exchanged, compared to its average volume of 265,116. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $74.88 and a 200 day moving average of $98.97. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a market capitalization of $2.82 billion, a PE ratio of 126.16 and a beta of 0.58.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. During the same period last year, the company posted $0.32 earnings per share. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

AGYS has been the subject of several research reports. Craig Hallum reduced their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC increased their price objective on Agilysys from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Finally, Oppenheimer reduced their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.83.

Insider Activity

In other news, Director John Mutch sold 2,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the sale, the director now directly owns 32,654 shares in the company, valued at approximately $2,542,766.98. This trade represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.