LVZ Inc. Takes Position in Agilysys, Inc. (NASDAQ:AGYS)

LVZ Inc. purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,301 shares of the software maker's stock, valued at approximately $312,000.

Other hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC grew its stake in Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after buying an additional 239 shares in the last quarter. Smartleaf Asset Management LLC grew 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 worth $57,000 after buying an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Agilysys during the fourth quarter worth about $61,000. Mpwm Advisory Solutions LLC acquired a new stake in Agilysys during the fourth quarter worth about $64,000. Finally, Assetmark Inc. acquired a new stake in Agilysys during the fourth quarter worth about $115,000. 88.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AGYS. UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. Oppenheimer reduced their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Northland Securities set a $152.00 price target on shares of Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.57.

Agilysys Trading Down 0.3%

NASDAQ AGYS traded down $0.33 during trading hours on Wednesday, reaching $114.84. The company's stock had a trading volume of 215,330 shares, compared to its average volume of 267,373. The firm has a fifty day simple moving average of $92.89 and a 200-day simple moving average of $95.90. The stock has a market cap of $3.22 billion, a P/E ratio of 138.36 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 debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS - Get Free Report) last released 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 net margin of 8.43% and a return on equity of 11.24%. The firm had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. During the same quarter last year, the business earned $0.32 EPS. The company's revenue was up 19.4% compared to the same quarter last year. Equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Agilysys news, Director John Mutch sold 500 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the transaction, the director now owns 31,404 shares in the company, valued at approximately $3,480,505.32. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 19.30% of the company's stock.

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.