Oppenheimer Asset Management Inc. Has $2.23 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 242.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,740 shares of the software maker's stock after buying an additional 21,767 shares during the period. Oppenheimer Asset Management Inc. owned about 0.11% of Agilysys worth $2,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of 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 period. Atria Investments Inc acquired a new position in Agilysys in the fourth quarter worth about $315,000. Two Sigma Advisers LP raised its position in Agilysys by 11.6% in the fourth quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock worth $632,000 after purchasing an additional 500 shares in the last quarter. Fifth Third Bancorp lifted its stake in Agilysys by 22.9% during the first quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker's stock worth $436,000 after purchasing an additional 1,118 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Agilysys by 366.5% during the first quarter. SG Americas Securities LLC now owns 19,555 shares of the software maker's stock valued at $1,419,000 after purchasing an additional 15,363 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

Agilysys Price Performance

NASDAQ AGYS traded up $1.70 during trading hours on Monday, reaching $114.64. 365,510 shares of the company's stock were exchanged, compared to its average volume of 269,964. The firm has a fifty day moving average of $95.66 and a 200-day moving average of $95.30. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The stock has a market cap of $3.21 billion, a PE ratio of 138.12 and a beta of 0.73. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.28. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The company had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business's revenue was up 19.4% on a year-over-year basis. On average, equities research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AGYS has been the topic of several analyst reports. 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 on the stock. UBS Group set a $100.00 price target on Agilysys in a research note on Wednesday, March 5th. Oppenheimer lowered 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. Northland Securities set a $152.00 price objective on Agilysys in a report on Tuesday, May 20th. Finally, Needham & Company LLC restated a "buy" rating and issued a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.57.

Insider Buying and Selling

In other Agilysys news, Director John Mutch sold 500 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the sale, the director owned 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 legal filing with the SEC, which can be accessed through this hyperlink. 19.30% of the stock is currently owned by corporate insiders.

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.