UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,814 shares of the software maker's stock after acquiring an additional 15,401 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Agilysys worth $7,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after purchasing an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys in the fourth quarter worth approximately $61,000. Assetmark Inc. purchased a new position in Agilysys in the fourth quarter valued at approximately $115,000. Huntington National Bank raised its holdings in Agilysys by 319.1% in the fourth 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 period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Agilysys during the fourth quarter valued at approximately $145,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Trading Up 1.3%

Agilysys stock traded up $1.48 during mid-day trading on Thursday, hitting $111.14. The stock had a trading volume of 217,722 shares, compared to its average volume of 270,500. The stock has a 50-day simple moving average of $81.43 and a two-hundred day simple moving average of $98.19. 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 $3.11 billion, a PE ratio of 138.93 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping 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 company had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. During the same quarter last year, the company posted $0.32 EPS. Agilysys's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Buying and Selling

In other Agilysys news, Director John Mutch sold 750 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research analyst reports. Cantor Fitzgerald assumed coverage on shares of Agilysys in a research note on Tuesday. They issued an "overweight" rating and a $125.00 price target for the company. UBS Group set a $100.00 price objective on shares of Agilysys in a research note on Wednesday, March 5th. Oppenheimer dropped their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Northland Securities set a $152.00 price target on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.57.

Agilysys Company 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.