Charles Schwab Investment Management Inc. Raises Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Charles Schwab Investment Management Inc. boosted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 204,665 shares of the software maker’s stock after acquiring an additional 5,659 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.73% of Agilysys worth $26,956,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC grew its stake in shares of Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after buying an additional 13,785 shares during the period. Eagle Asset Management Inc. grew its holdings in Agilysys by 59.1% during the 3rd 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 in the last quarter. State Street Corp raised its stake in 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. Geode Capital Management LLC lifted its position in shares of 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 during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after purchasing an additional 336 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Stock Performance

NASDAQ:AGYS opened at $74.91 on Tuesday. Agilysys, Inc. has a fifty-two week low of $71.37 and a fifty-two week high of $142.64. The company has a market cap of $2.09 billion, a P/E ratio of 93.64 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $93.61 and its two-hundred day moving average is $110.12.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AGYS. Craig Hallum cut their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Oppenheimer cut their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC decreased 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. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Mutch sold 2,000 shares of Agilysys 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 sale, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,500 shares of company stock valued at $8,651,740 over the last ninety days. Corporate insiders own 19.30% of the company’s stock.

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.