Banque Pictet & Cie SA purchased a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,027 shares of the software maker's stock, valued at approximately $292,000.
Other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC raised its holdings in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Agilysys in the fourth quarter valued at $64,000. Cloud Capital Management LLC bought a new position in shares of Agilysys in the 1st quarter valued at about $86,000. Assetmark Inc. bought a new position in shares of Agilysys in the 4th quarter valued at about $115,000. Finally, Huntington National Bank grew its position 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 acquiring an additional 702 shares during the period. 88.00% of the stock is owned by institutional investors.
Analysts Set New Price Targets
AGYS has been the subject of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald began coverage on shares of Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price target on the stock. Oppenheimer reduced their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Northland Securities set a $152.00 price objective on shares of Agilysys in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.57.
Get Our Latest Report on Agilysys
Insider Buying and Selling at Agilysys
In other Agilysys news, insider Chris J. Robertson sold 258 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the completion of the transaction, the insider directly owned 21,137 shares in the company, valued at $2,396,724.43. This represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mutch sold 500 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total value of $55,415.00. Following the transaction, the director owned 31,404 shares in the company, valued at approximately $3,480,505.32. This represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,405 shares of company stock worth $158,033 over the last 90 days. 19.30% of the stock is owned by company insiders.
Agilysys Price Performance
NASDAQ AGYS traded up $0.70 on Monday, reaching $114.62. 221,067 shares of the company's stock traded hands, compared to its average volume of 322,306. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.07. The stock has a 50-day simple moving average of $104.05 and a 200 day simple moving average of $93.76. The stock has a market cap of $3.21 billion, a PE ratio of 138.10 and a beta of 0.75.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued 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. The firm had revenue of $74.27 million for the quarter, compared to analysts' expectations of $71.43 million. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. The business's revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. As a group, research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.
About Agilysys
(
Free Report)
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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