Stephens Investment Management Group LLC increased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 81.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 99,515 shares of the software maker's stock after acquiring an additional 44,606 shares during the period. Stephens Investment Management Group LLC owned 0.36% of Agilysys worth $7,219,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Harbor Investment Advisory LLC increased its holdings in shares of Agilysys by 64.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after acquiring an additional 239 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Agilysys in the 4th quarter valued at approximately $64,000. Cloud Capital Management LLC acquired a new stake in Agilysys in the 1st quarter valued at approximately $86,000. Huntington National Bank grew its holdings in Agilysys by 319.1% in the 4th quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after buying an additional 702 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Agilysys in the 4th quarter valued at approximately $145,000. Institutional investors and hedge funds own 88.00% of the company's stock.
Agilysys Price Performance
AGYS traded up $2.48 during trading on Thursday, hitting $119.39. The company's stock had a trading volume of 159,181 shares, compared to its average volume of 271,421. The firm's 50 day moving average price is $107.10 and its two-hundred day moving average price is $93.81. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 143.84 and a beta of 0.75.
Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, beating 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 return on equity of 11.24% and a net margin of 8.43%. The business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Sell-side analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction 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 sale, the chief financial officer directly owned 47,288 shares of the company's stock, valued at $5,361,986.32. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Mutch sold 500 shares of Agilysys stock in a transaction 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 sale, the director directly owned 31,404 shares of the company's stock, valued at approximately $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,405 shares of company stock valued at $158,033 in the last three months. 19.30% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Northland Securities set a $152.00 target price on Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 target price (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Finally, Oppenheimer lowered their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and an average target price of $116.57.
Check Out Our Latest Stock Report on Agilysys
Agilysys Profile
(
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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