Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC cut its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,825 shares of the software maker's stock after selling 3,645 shares during the quarter. Agilysys accounts for approximately 0.7% of Legato Capital Management LLC's holdings, making the stock its 17th largest position. Legato Capital Management LLC owned approximately 0.26% of Agilysys worth $5,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGYS. Invesco Ltd. lifted its position in Agilysys by 412.9% during the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock valued at $95,858,000 after purchasing an additional 585,886 shares during the period. Franklin Resources Inc. lifted its position in Agilysys by 521.7% during the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock valued at $80,347,000 after purchasing an additional 511,900 shares during the period. Riverbridge Partners LLC purchased a new stake in Agilysys during the first quarter valued at approximately $32,913,000. Conestoga Capital Advisors LLC increased its holdings in Agilysys by 105.2% during the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock valued at $53,030,000 after buying an additional 374,800 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Agilysys by 729.1% during the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock valued at $52,487,000 after buying an additional 350,441 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 326 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,965.14. Following the sale, the senior vice president owned 114,791 shares in the company, valued at approximately $13,016,151.49. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris J. Robertson sold 258 shares of Agilysys stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $29,254.62. Following the completion of the sale, the insider owned 21,137 shares in the company, valued at approximately $2,396,724.43. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,405 shares of company stock valued at $158,033. 19.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Agilysys Stock Up 3.0%

AGYS stock traded up $3.40 during trading on Friday, hitting $116.89. 201,557 shares of the company's stock traded hands, compared to its average volume of 322,691. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $3.28 billion, a P/E ratio of 233.78 and a beta of 0.75. The business has a fifty day simple moving average of $110.21 and a two-hundred day simple moving average of $93.21. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $142.64.

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

Agilysys Company 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.