Castleark Management LLC Has $4.20 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

Castleark Management LLC cut its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 28.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,884 shares of the software maker's stock after selling 12,800 shares during the quarter. Castleark Management LLC owned approximately 0.11% of Agilysys worth $4,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock worth $95,858,000 after acquiring an additional 585,886 shares during the period. Franklin Resources Inc. lifted its position in shares of Agilysys by 521.7% in the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock worth $80,347,000 after purchasing an additional 511,900 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Agilysys by 729.1% in the 4th 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. Principal Financial Group Inc. increased its position in shares of Agilysys by 268.0% during the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock worth $56,169,000 after buying an additional 310,573 shares during the period. Finally, FMR LLC raised its stake in Agilysys by 58.3% during the fourth quarter. FMR LLC now owns 800,521 shares of the software maker's stock worth $105,437,000 after buying an additional 294,831 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AGYS. Needham & Company LLC upped their price target on shares of Agilysys from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday. UBS Group set a $100.00 target price on Agilysys in a research report on Wednesday, March 5th. Oppenheimer lowered their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Craig Hallum cut their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $120.83.

Agilysys Stock Performance

Shares of Agilysys stock opened at $100.19 on Thursday. The business has a 50-day simple moving average of $75.40 and a 200 day simple moving average of $98.98. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 125.24 and a beta of 0.58.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. During the same quarter last year, the firm posted $0.32 earnings per share. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. On average, research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of Agilysys stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 19.30% of the stock is currently owned by company insiders.

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.

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