Fmr LLC Has $55.11 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Fmr LLC boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1,197.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,690 shares of the software maker’s stock after purchasing an additional 466,704 shares during the quarter. Fmr LLC owned about 1.81% of Agilysys worth $55,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Agilysys during the 2nd quarter worth about $1,847,000. Eagle Asset Management Inc. lifted its position in Agilysys by 59.1% during the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after acquiring an additional 53,026 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of Agilysys during the second quarter worth approximately $1,111,000. Seven Eight Capital LP acquired a new position in shares of Agilysys in the second quarter valued at approximately $580,000. Finally, William Blair Investment Management LLC bought a new position in shares of Agilysys during the second quarter worth approximately $21,039,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the sale, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at $75,335,585.01. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the sale, the insider now owns 22,624 shares in the company, valued at $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,122 shares of company stock worth $2,251,691. Insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC boosted their price target on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer lifted their target price on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. BTIG Research upped their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and an average price target of $137.80.

Agilysys Trading Up 1.3 %

AGYS opened at $133.66 on Friday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 38.08 and a beta of 0.93. The company has a 50-day simple moving average of $118.40 and a 200 day simple moving average of $108.96. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $139.99. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts predict that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

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.