Stephens Investment Management Group LLC Acquires 44,606 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Stephens Investment Management Group LLC raised its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 81.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,515 shares of the software maker's stock after acquiring an additional 44,606 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.36% of Agilysys worth $7,219,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC lifted its stake in Agilysys by 2.0% in 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 increased its holdings in shares of Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after buying an additional 239 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of Agilysys by 8.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker's stock valued at $240,000 after acquiring an additional 244 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of Agilysys by 2.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock valued at $1,225,000 after acquiring an additional 246 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Agilysys by 2.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker's stock worth $889,000 after acquiring an additional 257 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Agilysys news, Director John Mutch sold 500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the transaction, the director directly owned 31,404 shares of the company's stock, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the firm'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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 1,405 shares of company stock worth $158,033 in the last quarter. 19.30% of the stock is currently owned by company insiders.

Agilysys Stock Performance

NASDAQ:AGYS opened at $113.92 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.11. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The company has a 50 day simple moving average of $104.05 and a two-hundred day simple moving average of $93.76. The company has a market capitalization of $3.19 billion, a PE ratio of 137.25 and a beta of 0.75.

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 the consensus estimate of $0.26 by $0.28. The company had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. Agilysys's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 earnings per share. Research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on AGYS. Northland Securities set a $152.00 target price on Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Finally, Oppenheimer decreased their price target 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $116.57.

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.

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