GAMMA Investing LLC grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 3,281.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,451 shares of the software maker's stock after acquiring an additional 14,994 shares during the period. GAMMA Investing LLC owned 0.06% of Agilysys worth $1,121,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in AGYS. Blue Trust Inc. lifted its stake in Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock worth $149,000 after purchasing an additional 180 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock worth $1,398,000 after purchasing an additional 208 shares during the period. State of Tennessee Department of Treasury raised its position in shares of Agilysys by 2.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock worth $1,225,000 after buying an additional 246 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Agilysys by 2.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker's stock worth $1,580,000 after buying an additional 328 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after buying an additional 336 shares during the period. 88.00% of the stock is owned by institutional investors.
Agilysys Price Performance
Shares of NASDAQ AGYS traded down $0.90 during trading hours on Thursday, reaching $108.47. 119,602 shares of the stock traded hands, compared to its average volume of 269,175. The company's 50-day simple moving average is $89.52 and its two-hundred day simple moving average is $96.75. The company has a market capitalization of $3.04 billion, a P/E ratio of 130.69 and a beta of 0.74. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.26 by $0.28. The firm had revenue of $74.27 million for the quarter, compared to the consensus estimate of $71.43 million. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. The business's revenue 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. Equities research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.
Insiders Place Their Bets
In related news, Director John Mutch sold 500 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total transaction of $55,415.00. Following the transaction, the director now directly owns 31,404 shares in the company, valued at $3,480,505.32. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.30% of the stock is currently owned by insiders.
Analyst Ratings Changes
AGYS has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. UBS Group set a $100.00 price objective on Agilysys in a report on Wednesday, March 5th. Cantor Fitzgerald initiated coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Northland Securities set a $152.00 price target on shares of Agilysys in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.57.
Check Out Our Latest Analysis on AGYS
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.
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