Agilysys, Inc. (NASDAQ:AGYS) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 32.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,646 shares of the software maker's stock after purchasing an additional 34,660 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.50% of Agilysys worth $10,202,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AGYS. Harbor Investment Advisory LLC raised its position in shares of Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after buying an additional 239 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Agilysys in the 4th quarter valued at about $64,000. Cloud Capital Management LLC purchased a new position in Agilysys in the 1st quarter worth approximately $86,000. Huntington National Bank boosted its holdings in shares of Agilysys by 319.1% during the 4th quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after purchasing an additional 702 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Agilysys in the fourth quarter valued at approximately $145,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Trading Up 0.8%

Shares of NASDAQ:AGYS traded up $0.86 during midday trading on Thursday, reaching $113.49. 252,412 shares of the company's stock were exchanged, compared to its average volume of 304,277. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 226.98 and a beta of 0.75. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The firm's 50 day simple moving average is $110.21 and its two-hundred day simple moving average is $93.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $76.68 million for the quarter, compared to analysts' expectations of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%. The company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. As a group, sell-side analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. Northland Securities set a $152.00 price target on Agilysys in a report on Tuesday, May 20th. Oppenheimer boosted their price target on shares of Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Needham & Company LLC restated a "buy" rating and set a $105.00 price objective (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $120.86.

Insider Activity at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 258 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $29,254.62. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,965.14. Following the transaction, the senior vice president owned 114,791 shares of the company's stock, valued at approximately $13,016,151.49. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,405 shares of company stock worth $158,033. Company insiders own 19.30% of the company's stock.

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.