Banque Pictet & Cie SA Takes Position in Agilysys, Inc. (NASDAQ:AGYS)

Banque Pictet & Cie SA bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,027 shares of the software maker's stock, valued at approximately $292,000.

A number of other large investors have also recently added to or reduced their stakes in AGYS. Invesco Ltd. increased its holdings in Agilysys by 412.9% during the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock worth $95,858,000 after purchasing an additional 585,886 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Agilysys by 521.7% in the 4th 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 in the last quarter. Riverbridge Partners LLC bought a new position in shares of Agilysys in the 1st quarter valued at about $32,913,000. Conestoga Capital Advisors LLC grew its holdings in shares of Agilysys by 105.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock valued at $53,030,000 after acquiring an additional 374,800 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Agilysys by 729.1% in the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock valued at $52,487,000 after acquiring an additional 350,441 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AGYS. Northland Securities set a $152.00 price objective on Agilysys in a report on Tuesday, May 20th. Needham & Company LLC restated a "buy" rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Oppenheimer decreased their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Cantor Fitzgerald began coverage on Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $116.57.

Agilysys Stock Performance

AGYS stock traded down $1.29 during mid-day trading on Friday, hitting $113.92. 160,731 shares of the company were exchanged, compared to its average volume of 271,557. The business has a 50 day simple moving average of $104.05 and a 200-day simple moving average of $94.37. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.19 billion, a PE ratio of 137.25 and a beta of 0.75. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.28. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. The firm had revenue of $74.27 million during the quarter, compared to the consensus estimate of $71.43 million. During the same period last year, the business posted $0.32 earnings per share. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In related news, insider Chris J. Robertson sold 258 shares of Agilysys stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $29,254.62. Following the transaction, the insider directly owned 21,137 shares of the company's stock, valued at $2,396,724.43. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,398.19. Following the completion of the transaction, the chief financial officer directly owned 47,288 shares in the company, valued at $5,361,986.32. This trade represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,405 shares of company stock valued at $158,033 in the last three months. Corporate insiders own 19.30% of the company's stock.

Agilysys 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.