JPMorgan Chase & Co. Has $5.24 Million Holdings in Agilysys, Inc. (NASDAQ:AGYS)

JPMorgan Chase & Co. decreased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,067 shares of the software maker’s stock after selling 7,603 shares during the quarter. JPMorgan Chase & Co. owned about 0.17% of Agilysys worth $5,238,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. US Bancorp DE grew its stake in shares of Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after buying an additional 122 shares during the period. GAMMA Investing LLC lifted its position in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the period. Exchange Traded Concepts LLC grew its stake in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after acquiring an additional 205 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Agilysys by 4.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock worth $827,000 after acquiring an additional 312 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Up 0.2 %

Shares of Agilysys stock opened at $132.97 on Friday. 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, Inc. has a twelve month low of $73.52 and a twelve month high of $142.64. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 37.88 and a beta of 0.94. The company’s 50 day moving average is $131.76 and its 200 day moving average is $116.31.

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

Insider Buying and Selling at Agilysys

In other Agilysys news, CFO William David Wood III sold 588 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the sale, the chief financial officer now owns 49,479 shares of the company’s stock, valued at $4,990,451.94. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Mutch sold 500 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the sale, the director now owns 34,654 shares in the company, valued at $4,777,400.44. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,122 shares of company stock valued at $7,099,841 over the last ninety days. 19.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC boosted their price objective on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Northland Securities boosted their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Oppenheimer increased their target price on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

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.