Trust Point Inc. bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,947 shares of the software maker's stock, valued at approximately $286,000.
Several other hedge funds have also made changes to their positions in AGYS. Harbor Investment Advisory LLC boosted its stake 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 during the period. Smartleaf Asset Management LLC lifted its position in Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Agilysys in the fourth quarter valued at about $61,000. Mpwm Advisory Solutions LLC acquired a new stake in Agilysys in the fourth quarter valued at about $64,000. Finally, Assetmark Inc. acquired a new stake in Agilysys in the fourth quarter valued at about $115,000. Institutional investors and hedge funds own 88.00% of the company's stock.
Agilysys Price Performance
Shares of AGYS stock traded up $0.02 during midday trading on Friday, reaching $108.49. 256,505 shares of the company traded hands, compared to its average volume of 268,114. The firm's 50 day simple moving average is $91.08 and its two-hundred day simple moving average is $96.16. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.07. The firm has a market cap of $3.04 billion, a PE ratio of 130.71 and a beta of 0.74.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $71.43 million. During the same period last year, the firm earned $0.32 EPS. The company's revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.
Insider Activity
In other news, Director John Mutch sold 500 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 31,404 shares of the company's stock, valued at $3,480,505.32. This trade represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 19.30% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on AGYS shares. Needham & Company LLC restated a "buy" rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Oppenheimer reduced their price objective 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. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Northland Securities set a $152.00 price objective on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Cantor Fitzgerald started coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective for the company. One research 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 has an average rating of "Moderate Buy" and a consensus price target of $116.57.
View Our Latest Research Report on AGYS
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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