Tidal Investments LLC purchased a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 181,507 shares of the software maker's stock, valued at approximately $23,906,000. Tidal Investments LLC owned 0.65% of Agilysys at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Agilysys by 105.2% in the 3rd quarter. Barclays PLC now owns 50,572 shares of the software maker's stock valued at $5,512,000 after purchasing an additional 25,926 shares during the period. Principal Financial Group Inc. grew its position in Agilysys by 2.6% during the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker's stock valued at $12,630,000 after purchasing an additional 2,949 shares in the last quarter. Albert D Mason Inc. grew its position in Agilysys by 2.3% during the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock valued at $1,554,000 after purchasing an additional 267 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after buying an additional 193 shares during the period. Finally, SG Americas Securities LLC lifted its position in Agilysys by 320.5% in the 4th quarter. SG Americas Securities LLC now owns 4,192 shares of the software maker's stock worth $552,000 after buying an additional 3,195 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Agilysys
In related news, Director John Mutch sold 750 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on AGYS. Oppenheimer lowered 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. Needham & Company LLC lifted their price objective on Agilysys from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday. UBS Group set a $100.00 target price on Agilysys in a research note on Wednesday, March 5th. Finally, Craig Hallum cut their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Agilysys has an average rating of "Moderate Buy" and a consensus target price of $120.83.
Get Our Latest Research Report on AGYS
Agilysys Stock Up 22.1%
Shares of Agilysys stock traded up $18.35 during midday trading on Tuesday, reaching $101.37. 1,283,807 shares of the company's stock traded hands, compared to its average volume of 265,867. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The company's 50 day simple moving average is $74.88 and its 200 day simple moving average is $98.97. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 126.71 and a beta of 0.58.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. During the same period last year, the company earned $0.32 earnings per share. The business's revenue was up 19.4% compared to the same quarter last year. Equities analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.
About Agilysys
(
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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