181,507 Shares in Agilysys, Inc. (NASDAQ:AGYS) Acquired by Tidal Investments LLC

Tidal Investments LLC purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 181,507 shares of the software maker's stock, valued at approximately $23,906,000. Tidal Investments LLC owned approximately 0.65% of Agilysys as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AGYS. Redwood Investments LLC increased its position in Agilysys by 148.1% during the 4th quarter. Redwood Investments LLC now owns 53,529 shares of the software maker's stock worth $7,050,000 after purchasing an additional 31,951 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Agilysys by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 6,787 shares of the software maker's stock valued at $894,000 after buying an additional 2,090 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Agilysys by 81.6% in the fourth quarter. Nuveen Asset Management LLC now owns 107,306 shares of the software maker's stock valued at $14,133,000 after buying an additional 48,213 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in Agilysys during the fourth quarter worth $373,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Agilysys by 5.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,826 shares of the software maker's stock worth $1,689,000 after acquiring an additional 656 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Trading Down 0.4%

NASDAQ:AGYS traded down $0.38 on Friday, reaching $102.32. The stock had a trading volume of 87,731 shares, compared to its average volume of 267,039. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 127.93 and a beta of 0.58. The firm's fifty day moving average is $75.95 and its two-hundred day moving average is $98.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

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, beating analysts' consensus estimates of $0.26 by $0.28. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. Equities analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research analyst reports. Northland Securities set a $152.00 price target on shares of Agilysys in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 target price (up from $100.00) on shares of Agilysys in a report on Tuesday. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Oppenheimer lowered their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $115.17.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares of the company's stock, valued at $2,542,766.98. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.30% of the stock is currently owned by insiders.

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.