Peregrine Capital Management LLC Invests $7.57 Million in Agilysys, Inc. (NASDAQ:AGYS)

Peregrine Capital Management LLC acquired a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 104,332 shares of the software maker's stock, valued at approximately $7,568,000. Peregrine Capital Management LLC owned about 0.37% of Agilysys as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of 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 during the period. Atria Investments Inc purchased a new stake in Agilysys during the 4th quarter valued at approximately $315,000. Two Sigma Advisers LP raised its stake in Agilysys by 11.6% during the 4th quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock valued at $632,000 after acquiring an additional 500 shares during the last quarter. Fifth Third Bancorp lifted its position in Agilysys by 22.9% during the 1st quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker's stock worth $436,000 after acquiring an additional 1,118 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Agilysys by 366.5% in the 1st 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 during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AGYS shares. Northland Securities set a $152.00 target price on Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and issued a $105.00 price objective (up from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Oppenheimer cut their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.57.

Insider Activity at Agilysys

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

Agilysys Price Performance

Shares of Agilysys stock traded up $3.14 during trading on Friday, reaching $115.21. The company's stock had a trading volume of 195,926 shares, compared to its average volume of 271,416. The business has a 50 day moving average price of $99.19 and a 200-day moving average price of $95.26. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The company has a market capitalization of $3.23 billion, a P/E ratio of 138.81 and a beta of 0.75. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $71.43 million. During the same quarter last year, the company earned $0.32 earnings per share. Agilysys's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

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.