Bank of America Corp DE trimmed its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,488 shares of the software maker's stock after selling 32,842 shares during the period. Bank of America Corp DE owned 0.23% of Agilysys worth $8,625,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of AGYS. Smartleaf Asset Management LLC increased its holdings in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys in the 4th quarter worth about $61,000. Assetmark Inc. acquired a new stake in shares of Agilysys in the 4th quarter worth about $115,000. Huntington National Bank increased its holdings in shares of Agilysys by 319.1% in the 4th quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after acquiring an additional 702 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Agilysys in the 4th quarter worth about $145,000. Institutional investors and hedge funds own 88.00% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on AGYS shares. Northland Securities set a $152.00 price objective on shares of Agilysys in a report on Tuesday, May 20th. Needham & Company LLC reaffirmed 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. UBS Group set a $100.00 target price on shares of Agilysys in a research note on Wednesday, March 5th. Finally, Oppenheimer decreased their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.17.
Read Our Latest Report on Agilysys
Agilysys Price Performance
AGYS stock traded down $0.03 on Wednesday, hitting $105.44. 170,218 shares of the company's stock traded hands, compared to its average volume of 268,423. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 131.72 and a beta of 0.58. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year 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 stock has a fifty day moving average of $77.58 and a 200-day moving average of $98.64.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.28. The firm had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.
Insider Buying and Selling
In other Agilysys news, Director John Mutch sold 2,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. 19.30% of the stock is currently owned by insiders.
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.
Featured Stories
Before you consider Agilysys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agilysys wasn't on the list.
While Agilysys currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
