SG Americas Securities LLC boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 366.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,555 shares of the software maker's stock after acquiring an additional 15,363 shares during the period. SG Americas Securities LLC owned 0.07% of Agilysys worth $1,419,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGYS. Blue Trust Inc. grew its holdings in shares of Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after purchasing an additional 180 shares in the last quarter. Natixis Advisors LLC grew its holdings in Agilysys by 2.0% during the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after purchasing an additional 208 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in shares of Agilysys by 2.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock valued at $1,225,000 after buying an additional 246 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in Agilysys by 2.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker's stock valued at $1,580,000 after acquiring an additional 328 shares during the period. 88.00% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on 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 report on Tuesday, May 20th. Cantor Fitzgerald began coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 target price for the company. Northland Securities set a $152.00 target price on Agilysys in a report on Tuesday, May 20th. Oppenheimer cut their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, UBS Group set a $100.00 price objective on shares of Agilysys in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.57.
Check Out Our Latest Stock Report on AGYS
Agilysys Stock Performance
Shares of NASDAQ:AGYS traded down $0.54 during trading on Friday, hitting $107.93. 79,151 shares of the stock traded hands, compared to its average volume of 268,428. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $90.28 and a two-hundred day moving average price of $96.59. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 130.14 and a beta of 0.74.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted 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 company had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.
Insider Buying and Selling at Agilysys
In other news, Director John Mutch sold 500 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the sale, the director now owns 31,404 shares of the company's stock, valued at $3,480,505.32. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 19.30% of the company's stock.
Agilysys Profile
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Free Report)
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.
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