4,027 Shares in Agilysys, Inc. (NASDAQ:AGYS) Acquired by Banque Pictet & Cie SA

Banque Pictet & Cie SA acquired a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,027 shares of the software maker's stock, valued at approximately $292,000.

A number of other institutional investors also recently made changes to their positions in AGYS. Invesco Ltd. grew its stake in shares of Agilysys by 412.9% during the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock valued at $95,858,000 after buying an additional 585,886 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Agilysys by 521.7% during 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 during the period. Riverbridge Partners LLC bought a new position in Agilysys during the 1st quarter worth approximately $32,913,000. Conestoga Capital Advisors LLC increased its stake in Agilysys by 105.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock worth $53,030,000 after purchasing an additional 374,800 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Agilysys by 729.1% in the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock valued at $52,487,000 after purchasing an additional 350,441 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company's stock.

Wall Street Analyst Weigh In

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

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $115.21 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.07. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $142.64. The company's 50-day moving average is $103.29 and its 200 day moving average is $94.55. The stock has a market capitalization of $3.23 billion, a P/E ratio of 138.81 and a beta of 0.75.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results 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 return on equity of 11.24% and a net margin of 8.43%. The firm had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. During the same quarter in the prior year, the company earned $0.32 EPS. The business's revenue was up 19.4% compared to the same quarter last year. On average, sell-side analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In related news, Director John Mutch sold 500 shares of Agilysys stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the transaction, the director directly owned 31,404 shares of the company's stock, valued at $3,480,505.32. This trade represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the firm's 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 $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 represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,405 shares of company stock worth $158,033. Corporate insiders own 19.30% of the company's stock.

About Agilysys

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.

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