Rhumbline Advisers Grows Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Rhumbline Advisers increased its stake in Agilysys, Inc. (NASDAQ:AGYS) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,703 shares of the software maker’s stock after buying an additional 2,341 shares during the period. Rhumbline Advisers owned 0.18% of Agilysys worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. CWM LLC boosted its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Agilysys during the first quarter valued at $35,000. RiverPark Advisors LLC boosted its position in shares of Agilysys by 361.1% during the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock valued at $149,000 after buying an additional 1,383 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Agilysys by 99.9% during the 1st quarter. Covestor Ltd now owns 2,277 shares of the software maker’s stock valued at $192,000 after acquiring an additional 1,138 shares during the period. Institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGYS. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research report on Tuesday, July 23rd. Oppenheimer lifted their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. William Blair initiated coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. Finally, Craig Hallum upped their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

Insider Activity

In related news, Director Mak Capital One Llc sold 61,035 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $96.43, for a total value of $5,885,605.05. Following the completion of the sale, the director now directly owns 1,298,407 shares in the company, valued at $125,205,387.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mak Capital One Llc sold 61,035 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $96.43, for a total transaction of $5,885,605.05. Following the completion of the sale, the director now directly owns 1,298,407 shares of the company’s stock, valued at approximately $125,205,387.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the completion of the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. The disclosure for this sale can be found here. Insiders sold 141,578 shares of company stock valued at $14,107,417 in the last ninety days. Insiders own 23.60% of the company’s stock.

Agilysys Stock Up 1.1 %

AGYS opened at $102.17 on Monday. Agilysys, Inc. has a 52 week low of $63.78 and a 52 week high of $114.70. The firm has a 50-day simple moving average of $107.58 and a two-hundred day simple moving average of $94.87. The company has a market capitalization of $2.85 billion, a PE ratio of 32.33 and a beta of 0.83.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $63.50 million for the quarter, compared to the consensus estimate of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. Agilysys’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.62 earnings per share for the current year.

Agilysys 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.