Natixis Advisors LLC Increases Position in Agilysys, Inc. (NASDAQ:AGYS)

Natixis Advisors LLC increased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,612 shares of the software maker’s stock after buying an additional 208 shares during the quarter. Natixis Advisors LLC’s holdings in Agilysys were worth $1,398,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after buying an additional 193 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Agilysys during the 4th quarter worth $61,000. Finally, Assetmark Inc. acquired a new position in shares of Agilysys during the 4th quarter worth $115,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now directly owns 31,904 shares of the company’s stock, valued at approximately $2,403,328.32. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the sale, the director now directly owns 330,576 shares in the company, valued at $43,156,696.80. This represents a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,250 shares of company stock valued at $8,708,238 in the last quarter. Corporate insiders own 19.30% of the company’s stock.

Agilysys Stock Up 0.5 %

Shares of Agilysys stock opened at $77.84 on Wednesday. The business’s 50 day simple moving average is $87.02 and its 200-day simple moving average is $108.75. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 97.30 and a beta of 0.98. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a twelve month low of $71.37 and a twelve month high of $142.64.

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

Wall Street Analysts Forecast Growth

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

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.