HighTower Advisors LLC Takes $253,000 Position in Agilysys, Inc. (NASDAQ:AGYS)

HighTower Advisors LLC acquired a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,919 shares of the software maker’s stock, valued at approximately $253,000.

A number of other hedge funds also recently bought and sold shares of the business. Synergy Asset Management LLC grew its position in shares of Agilysys by 19.1% in the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after purchasing an additional 13,785 shares in the last quarter. State Street Corp grew its holdings in Agilysys by 5.0% in the 3rd 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 increased its stake in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after acquiring an additional 30,655 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Agilysys by 381.8% during the 4th 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. Finally, Atria Investments Inc acquired a new position in shares of Agilysys during the 4th quarter valued at about $315,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 3.3 %

AGYS opened at $74.64 on Thursday. Agilysys, Inc. has a 52 week low of $70.40 and a 52 week high of $142.64. 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 business has a fifty day simple moving average of $81.20 and a 200-day simple moving average of $107.56. The firm has a market cap of $2.09 billion, a P/E ratio of 93.30 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last announced its earnings results 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 company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. Agilysys’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, equities analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the sale, the director now owns 315,576 shares in the company, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Mutch sold 750 shares of Agilysys stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares of the company’s stock, valued at $2,403,328.32. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,750 shares of company stock valued at $7,729,113 in the last ninety days. Company insiders own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AGYS. Needham & Company LLC cut their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Oppenheimer reduced 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. Finally, Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.