Jump Financial LLC Purchases 17,313 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Jump Financial LLC raised its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 402.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,619 shares of the software maker's stock after buying an additional 17,313 shares during the period. Jump Financial LLC owned approximately 0.08% of Agilysys worth $1,834,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Semanteon Capital Management LP acquired a new stake in Agilysys in the fourth quarter valued at $1,195,000. Wellington Management Group LLP grew its stake in Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker's stock worth $39,814,000 after purchasing an additional 369,780 shares in the last quarter. Vanguard Group Inc. increased its holdings in Agilysys by 6.1% in the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker's stock valued at $121,617,000 after buying an additional 106,026 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Agilysys by 346.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker's stock valued at $1,921,000 after buying an additional 22,527 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Agilysys by 36.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 218,418 shares of the software maker's stock valued at $18,526,000 after buying an additional 58,278 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on AGYS. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Agilysys in a research report on Tuesday. StockNews.com cut shares of Agilysys from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Oppenheimer upped their target price on Agilysys from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Agilysys presently has an average rating of "Moderate Buy" and a consensus target price of $92.50.

Agilysys Stock Performance

Shares of NASDAQ:AGYS traded up $4.02 on Wednesday, hitting $96.18. The company's stock had a trading volume of 284,817 shares, compared to its average volume of 201,714. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 30.44 and a beta of 0.68. Agilysys, Inc. has a 12 month low of $62.00 and a 12 month high of $96.80. The stock's 50-day moving average is $81.50 and its two-hundred day moving average is $83.04.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 17.64%. The company had revenue of $62.22 million for the quarter, compared to the consensus estimate of $61.95 million. During the same period in the previous year, the firm earned $0.26 EPS. Agilysys's revenue was up 17.6% on a year-over-year basis. Equities analysts expect that Agilysys, Inc. will post 0.55 earnings per share for the current fiscal year.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.