Wellington Management Group LLP Has $25.71 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Wellington Management Group LLP cut its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 53.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,166 shares of the software maker's stock after selling 222,384 shares during the quarter. Wellington Management Group LLP owned 0.70% of Agilysys worth $25,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in Agilysys by 5.4% during the 4th quarter. California State Teachers Retirement System now owns 24,475 shares of the software maker's stock worth $3,224,000 after acquiring an additional 1,260 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in shares of Agilysys during the 4th quarter valued at $64,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Agilysys by 35.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,814 shares of the software maker's stock valued at $7,746,000 after acquiring an additional 15,401 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Agilysys by 11.6% during the 4th quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock worth $632,000 after purchasing an additional 500 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Agilysys in the fourth quarter worth $23,906,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John Mutch sold 750 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 19.30% of the company's stock.

Agilysys Trading Down 1.5%

NASDAQ:AGYS traded down $1.71 during mid-day trading on Wednesday, hitting $109.66. 304,231 shares of the company's stock were exchanged, compared to its average volume of 270,328. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.07 billion, a P/E ratio of 137.08 and a beta of 0.58. The company has a 50 day simple moving average of $81.43 and a 200-day simple moving average of $98.19.

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

Analyst Upgrades and Downgrades

AGYS has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on shares of Agilysys in a report on Tuesday. They set an "overweight" rating and a $125.00 price target for the company. Oppenheimer reduced their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group set a $100.00 target price on Agilysys in a research note on Wednesday, March 5th. Finally, Northland Securities set a $152.00 price objective on shares of Agilysys in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.57.

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.