Wasatch Advisors LP Sells 80,196 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Wasatch Advisors LP cut its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 896,204 shares of the software maker's stock after selling 80,196 shares during the quarter. Wasatch Advisors LP owned 3.21% of Agilysys worth $118,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of Agilysys by 151.8% during the 4th quarter. NewEdge Advisors LLC now owns 7,038 shares of the software maker's stock valued at $927,000 after purchasing an additional 4,243 shares during the last quarter. Jump Financial LLC raised its stake in shares of Agilysys by 17.5% during the 4th quarter. Jump Financial LLC now owns 11,404 shares of the software maker's stock valued at $1,502,000 after purchasing an additional 1,699 shares during the period. Barclays PLC increased its stake in Agilysys by 52.5% in the fourth quarter. Barclays PLC now owns 77,136 shares of the software maker's stock valued at $10,160,000 after acquiring an additional 26,564 shares during the last quarter. Advisors Capital Management LLC purchased a new position in Agilysys during the 4th quarter valued at about $794,000. Finally, Next Century Growth Investors LLC grew its stake in shares of Agilysys by 0.3% in the 4th quarter. Next Century Growth Investors LLC now owns 146,445 shares of the software maker's stock worth $19,288,000 after buying an additional 437 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Transactions at Agilysys

In other Agilysys news, Director John Mutch sold 2,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 32,654 shares of the company's stock, valued at $2,542,766.98. This represents a 5.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $125.49, for a total transaction of $941,175.00. Following the completion of the transaction, the director now owns 248,076 shares in the company, valued at $31,131,057.24. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,750 shares of company stock worth $1,878,513. Insiders own 19.30% of the company's stock.

Agilysys Price Performance

NASDAQ AGYS traded down $1.72 on Monday, reaching $67.73. The company's stock had a trading volume of 56,882 shares, compared to its average volume of 258,938. The firm's 50 day moving average is $75.64 and its two-hundred day moving average is $103.96. The stock has a market cap of $1.89 billion, a PE ratio of 84.66 and a beta of 0.64. 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 twelve month low of $63.71 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to analysts' expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company's revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

AGYS has been the subject of several research reports. Northland Securities increased their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. 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 dropped their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Finally, Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.00.

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.