Nuveen Asset Management LLC boosted its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 81.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,306 shares of the software maker's stock after buying an additional 48,213 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.38% of Agilysys worth $14,133,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of AGYS. Occudo Quantitative Strategies LP purchased a new position in shares of Agilysys in the 4th quarter worth about $373,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Agilysys by 5.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,826 shares of the software maker's stock worth $1,689,000 after acquiring an additional 656 shares during the period. Lazard Asset Management LLC boosted its stake in Agilysys by 711.8% in the fourth quarter. Lazard Asset Management LLC now owns 10,359 shares of the software maker's stock valued at $1,364,000 after acquiring an additional 9,083 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of Agilysys during the 4th quarter valued at approximately $206,000. Finally, Deutsche Bank AG increased its stake in shares of Agilysys by 2.1% during the 4th quarter. Deutsche Bank AG now owns 211,548 shares of the software maker's stock worth $27,863,000 after purchasing an additional 4,352 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on AGYS. Needham & Company LLC reissued a "buy" rating and issued a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Northland Securities set a $152.00 price objective on Agilysys in a report on Tuesday, May 20th. UBS Group set a $100.00 price objective on shares of Agilysys in a research note on Wednesday, March 5th. Finally, Oppenheimer reduced 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Agilysys presently has an average rating of "Moderate Buy" and an average target price of $115.17.
View Our Latest Analysis on AGYS
Agilysys Price Performance
Shares of AGYS stock traded down $0.59 during trading hours on Friday, hitting $105.79. The stock had a trading volume of 49,457 shares, compared to its average volume of 336,660. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 132.16 and a beta of 0.58. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The stock's 50-day moving average price is $78.80 and its two-hundred day moving average price is $98.58.
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 analysts' consensus estimates of $0.26 by $0.28. The business had revenue of $74.27 million for the quarter, compared to the consensus estimate of $71.43 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business's revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. Equities analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.
Insiders Place Their Bets
In other Agilysys news, Director John Mutch sold 2,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now owns 32,654 shares in the company, valued at $2,542,766.98. This represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.30% of the stock is currently owned by corporate insiders.
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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