Deutsche Bank AG Grows Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Deutsche Bank AG boosted its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,548 shares of the software maker's stock after acquiring an additional 4,352 shares during the period. Deutsche Bank AG owned 0.76% of Agilysys worth $27,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Harbor Investment Advisory LLC boosted its stake in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after buying an additional 193 shares during the period. Smartleaf Asset Management LLC increased its holdings in Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Agilysys in the fourth quarter worth approximately $61,000. Assetmark Inc. acquired a new stake in shares of Agilysys during the fourth quarter worth $115,000. Finally, Huntington National Bank lifted its stake in shares of Agilysys by 319.1% in the 4th quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after purchasing an additional 702 shares during the period. 88.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AGYS shares. Craig Hallum lowered their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Oppenheimer cut their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. UBS Group set a $100.00 price target on shares of Agilysys in a report on Wednesday, March 5th. Finally, Needham & Company LLC decreased their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

Agilysys Stock Up 23.6%

Shares of NASDAQ AGYS traded up $19.59 during trading hours on Tuesday, hitting $102.61. 440,569 shares of the stock were exchanged, compared to its average volume of 262,425. The firm has a fifty day moving average price of $74.28 and a 200-day moving average price of $98.95. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The company has a market cap of $2.87 billion, a PE ratio of 127.51 and a beta of 0.58.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.28. The company had revenue of $74.27 million for the quarter, compared to the consensus estimate of $71.43 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. Agilysys's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, sell-side analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.30% of the stock is currently owned by company 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.