Royal Bank of Canada Has $25.78 Million Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Royal Bank of Canada lowered its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,753 shares of the software maker's stock after selling 7,832 shares during the quarter. Royal Bank of Canada owned approximately 0.70% of Agilysys worth $25,783,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Agilysys by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker's stock worth $290,983,000 after purchasing an additional 58,926 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Agilysys by 10.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,167,685 shares of the software maker's stock worth $153,796,000 after purchasing an additional 108,827 shares in the last quarter. FMR LLC increased its position in shares of Agilysys by 58.3% during the 4th quarter. FMR LLC now owns 800,521 shares of the software maker's stock worth $105,437,000 after purchasing an additional 294,831 shares in the last quarter. Invesco Ltd. increased its position in shares of 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. Finally, Franklin Resources Inc. increased its position in 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. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Trading Up 0.1%

Agilysys stock traded up $0.14 during midday trading on Thursday, hitting $105.99. 91,495 shares of the stock were exchanged, compared to its average volume of 267,395. The company has a fifty day simple moving average of $78.22 and a two-hundred day simple moving average of $98.69. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The stock has a market capitalization of $2.96 billion, a PE ratio of 132.48 and a beta of 0.58. 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 (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The business's revenue was up 19.4% on a year-over-year basis. Equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the sale, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AGYS shares. 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 research report on Tuesday, May 20th. Oppenheimer lowered their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Northland Securities set a $152.00 target price on shares of Agilysys in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $115.17.

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.