Segall Bryant & Hamill LLC Acquires 42,425 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Segall Bryant & Hamill LLC raised its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 31.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,826 shares of the software maker's stock after purchasing an additional 42,425 shares during the quarter. Segall Bryant & Hamill LLC owned 0.64% of Agilysys worth $12,899,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Two Sigma Advisers LP lifted its stake in shares of Agilysys by 11.6% in 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 raised 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 purchasing an additional 1,118 shares during the last quarter. SG Americas Securities LLC raised its position in Agilysys by 366.5% during the 1st quarter. SG Americas Securities LLC now owns 19,555 shares of the software maker's stock worth $1,419,000 after purchasing an additional 15,363 shares during the last quarter. Nuveen Asset Management LLC raised its position in Agilysys by 81.6% during the 4th quarter. Nuveen Asset Management LLC now owns 107,306 shares of the software maker's stock worth $14,133,000 after purchasing an additional 48,213 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Agilysys by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker's stock worth $290,983,000 after purchasing an additional 58,926 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer dropped their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Cantor Fitzgerald initiated coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and issued a $105.00 target price (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Northland Securities set a $152.00 price target on shares of 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $116.57.

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 258 shares of the firm'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 $29,254.62. Following the sale, the insider 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William David Wood III sold 321 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the completion of the transaction, the chief financial officer owned 47,288 shares in the company, valued at $5,361,986.32. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,405 shares of company stock worth $158,033. Company insiders own 19.30% of the company's stock.

Agilysys Stock Down 3.5%

AGYS traded down $4.18 during midday trading on Friday, reaching $115.21. The company's stock had a trading volume of 288,439 shares, compared to its average volume of 271,011. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 138.81 and a beta of 0.75. 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, Inc. has a 1 year low of $63.71 and a 1 year high of $142.64. The stock's 50-day moving average is $107.79 and its 200-day moving average is $93.43.

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

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.