Agilysys, Inc. (NASDAQ:AGYS) Stock Position Reduced by Royce & Associates LP

Royce & Associates LP lessened its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 8.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 200,215 shares of the software maker's stock after selling 19,561 shares during the period. Royce & Associates LP owned 0.72% of Agilysys worth $14,524,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. raised its position in shares of Agilysys by 412.9% during the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock worth $95,858,000 after purchasing an additional 585,886 shares during the period. Franklin Resources Inc. lifted its stake in Agilysys by 521.7% in the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock valued at $80,347,000 after buying an additional 511,900 shares during the last quarter. Riverbridge Partners LLC acquired a new position in shares of Agilysys during the first quarter valued at $32,913,000. Conestoga Capital Advisors LLC grew its position in shares of Agilysys by 105.2% during the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock worth $53,030,000 after acquiring an additional 374,800 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Agilysys by 729.1% in the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock worth $52,487,000 after acquiring an additional 350,441 shares during the period. Institutional investors and hedge funds own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of analyst reports. Oppenheimer boosted 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. Needham & Company LLC reissued a "buy" rating and issued a $105.00 price objective (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price on the stock. Finally, Northland Securities set a $152.00 price target on Agilysys in a research note 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.86.

Insider Buying and Selling

In related news, SVP Kyle C. Badger sold 326 shares of the company's stock in a transaction that occurred 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 owned 114,791 shares in the company, valued at approximately $13,016,151.49. This represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the business'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 $29,254.62. Following the sale, the insider directly owned 21,137 shares in the company, valued at approximately $2,396,724.43. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,405 shares of company stock worth $158,033. Company insiders own 19.30% of the company's stock.

Agilysys Price Performance

Shares of NASDAQ:AGYS traded up $3.40 during trading hours on Friday, hitting $116.89. 201,656 shares of the company's stock traded hands, compared to its average volume of 302,092. The company's fifty day simple moving average is $110.83 and its two-hundred day simple moving average is $93.12. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 233.78 and a beta of 0.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.11. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64.

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