Exchange Traded Concepts LLC Grows Position in Agilysys, Inc. (NASDAQ:AGYS)

Exchange Traded Concepts LLC increased its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 76.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 474 shares of the software maker’s stock after purchasing an additional 205 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Agilysys were worth $52,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGYS. Vanguard Group Inc. increased its position in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Agilysys by 13.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after purchasing an additional 87,549 shares during the last quarter. Geneva Capital Management LLC raised its position in Agilysys by 10.6% in the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after purchasing an additional 65,672 shares during the period. BNP Paribas Financial Markets lifted its stake in Agilysys by 91.6% during the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock worth $2,797,000 after purchasing an additional 15,870 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Agilysys during the second quarter worth $1,847,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AGYS shares. Northland Securities boosted their price objective on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Agilysys in a research note on Monday, September 16th. BTIG Research raised their price objective on shares of Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Craig Hallum upped their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Wednesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Agilysys currently has a consensus rating of “Buy” and an average price target of $124.00.

Agilysys Stock Down 0.1 %

Shares of Agilysys stock opened at $108.77 on Thursday. Agilysys, Inc. has a 52-week low of $72.06 and a 52-week high of $125.73. The company has a market capitalization of $2.99 billion, a P/E ratio of 34.42 and a beta of 0.83. The company has a 50 day moving average of $109.05 and a 200 day moving average of $100.86.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. As a group, research analysts anticipate that Agilysys, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the sale, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the transaction, the insider now directly owns 22,888 shares in the company, valued at $2,490,901.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $3,734,810 over the last ninety days. Corporate insiders own 23.60% of the company’s stock.

Agilysys 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.