Lazard Asset Management LLC Acquires 9,083 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Lazard Asset Management LLC lifted its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 711.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,359 shares of the software maker's stock after buying an additional 9,083 shares during the period. Lazard Asset Management LLC's holdings in Agilysys were worth $1,364,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC grew its position in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after acquiring an additional 193 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Agilysys by 381.8% during 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 last quarter. Arcadia Investment Management Corp MI bought a new stake in Agilysys during the 4th quarter worth approximately $61,000. Assetmark Inc. bought a new stake in Agilysys during the 4th quarter worth approximately $115,000. Finally, Huntington National Bank grew its position in 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 acquiring an additional 702 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Trading Down 1.1%

Shares of NASDAQ:AGYS traded down $1.08 during midday trading on Friday, hitting $101.61. The company had a trading volume of 299,965 shares, compared to its average volume of 268,366. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month 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 market cap of $2.84 billion, a price-to-earnings ratio of 127.01 and a beta of 0.58. The firm has a fifty day simple moving average of $76.47 and a 200 day simple moving average of $98.84.

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

Analyst Ratings Changes

A number of research firms recently commented on AGYS. Oppenheimer decreased their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Needham & Company LLC reiterated a "buy" rating and issued a $105.00 price objective (up from $100.00) on shares of Agilysys in a research report on Tuesday. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Finally, Northland Securities set a $152.00 price objective on Agilysys in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $115.17.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 750 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.30% of the stock is owned by corporate insiders.

About Agilysys

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.