Blue Trust Inc. Purchases 180 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Blue Trust Inc. raised its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,130 shares of the software maker’s stock after buying an additional 180 shares during the period. Blue Trust Inc.’s holdings in Agilysys were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Lord Abbett & CO. LLC increased its holdings in Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares in the last quarter. State Street Corp increased its stake in shares of Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after buying an additional 43,760 shares in the last quarter. Geneva Capital Management LLC raised its holdings in shares of Agilysys by 0.4% in the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after buying an additional 2,687 shares during the last quarter. Geode Capital Management LLC lifted its position in Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after buying an additional 30,655 shares in the last quarter. Finally, FMR LLC grew its holdings in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after acquiring an additional 466,704 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Insider Activity

In related news, insider Chris J. Robertson sold 729 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $97,693.29. Following the completion of the sale, the insider now owns 21,895 shares in the company, valued at $2,934,148.95. This represents a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the transaction, the director now owns 233,076 shares in the company, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,879 shares of company stock valued at $9,316,137 in the last ninety days. 19.30% of the stock is owned by insiders.

Agilysys Stock Performance

Shares of Agilysys stock opened at $88.14 on Thursday. The firm has a fifty day moving average of $124.54 and a two-hundred day moving average of $115.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 110.18 and a beta of 0.93. Agilysys, Inc. has a 52 week low of $74.03 and a 52 week high of $142.64.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Analysts Set New Price Targets

AGYS has been the subject of a number of research analyst reports. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC dropped their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Oppenheimer lowered their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

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.