International Assets Investment Management LLC Acquires New Stake in Agilysys, Inc. (NASDAQ:AGYS)

International Assets Investment Management LLC acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 76,279 shares of the software maker’s stock, valued at approximately $8,312,000. International Assets Investment Management LLC owned about 0.27% of Agilysys as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the period. CWM LLC raised its position in shares of Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new position in Agilysys during the 2nd quarter worth approximately $32,000. NBC Securities Inc. purchased a new position in Agilysys during the 3rd quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC grew its stake in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now owns 738,367 shares in the company, valued at approximately $75,335,585.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now owns 738,367 shares in the company, valued at approximately $75,335,585.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,000 shares of company stock worth $3,734,810. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $100.04 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of 28.50 and a beta of 0.83. The business has a 50-day moving average of $108.66 and a two-hundred day moving average of $101.67. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $125.73.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, research analysts anticipate that Agilysys, Inc. will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday. Northland Securities reissued an “outperform” rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday. Oppenheimer boosted their price target on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. BTIG Research increased their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Agilysys in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average target price of $127.80.

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.