Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Segall Bryant & Hamill LLC

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

Other large investors also recently modified their holdings of the company. Harbor Investment Advisory LLC lifted its stake in Agilysys by 64.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Agilysys in the 4th quarter worth about $64,000. Cloud Capital Management LLC bought a new position in Agilysys in the 1st quarter worth about $86,000. Huntington National Bank grew its stake in Agilysys by 319.1% in the 4th quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after acquiring an additional 702 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Agilysys in the 4th quarter worth about $145,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Agilysys Price Performance

Shares of AGYS traded down $4.18 during mid-day trading on Friday, hitting $115.21. 288,439 shares of the company were exchanged, compared to its average volume of 271,489. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.11. The company has a 50 day moving average of $107.10 and a 200-day moving average of $93.81. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 138.81 and a beta of 0.75.

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

Insider Buying and Selling at Agilysys

In other news, CFO William David Wood III sold 321 shares of the 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 $36,398.19. Following the completion of the sale, the chief financial officer owned 47,288 shares of the company's stock, valued at $5,361,986.32. This represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the company's 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 $29,254.62. Following the completion of the transaction, the insider owned 21,137 shares in the company, valued at approximately $2,396,724.43. This represents a 1.21% decrease in their ownership of the stock. 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 90 days. 19.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AGYS shares. Northland Securities set a $152.00 price target on shares of Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective for the company. Needham & Company LLC restated a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Oppenheimer decreased 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 investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $116.57.

Agilysys 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.