Atria Investments Inc Acquires Shares of 2,394 Agilysys, Inc. (NASDAQ:AGYS)

Atria Investments Inc bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,394 shares of the software maker’s stock, valued at approximately $315,000.

A number of other large investors also recently modified their holdings of the stock. FMR LLC raised its position in Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after purchasing an additional 466,704 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after acquiring an additional 340,424 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Agilysys by 268.0% during the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock valued at $56,169,000 after acquiring an additional 310,573 shares during the period. Franklin Resources Inc. lifted its stake in shares of Agilysys by 434.3% during the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after acquiring an additional 79,764 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its holdings in Agilysys by 25.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 356,239 shares of the software maker’s stock valued at $46,920,000 after acquiring an additional 71,168 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Up 0.8 %

Shares of NASDAQ:AGYS opened at $74.91 on Tuesday. The company has a 50 day moving average price of $93.61 and a two-hundred day moving average price of $110.12. The company has a market capitalization of $2.09 billion, a PE ratio of 93.64 and a beta of 0.98. Agilysys, Inc. has a 52 week low of $71.37 and a 52 week high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

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

Analyst Ratings Changes

AGYS has been the topic of a number of research reports. Oppenheimer cut their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities increased their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. UBS Group set a $100.00 target price on shares of Agilysys in a report on Wednesday, March 5th. Needham & Company LLC cut their price target on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Craig Hallum decreased their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Insider Transactions at Agilysys

In related news, Director John Mutch sold 2,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the sale, the director now directly owns 315,576 shares in the company, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,500 shares of company stock valued at $8,651,740 over the last 90 days. 19.30% of the stock is owned by company insiders.

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.