Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by US Bancorp DE

US Bancorp DE lifted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 11.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,216 shares of the software maker’s stock after purchasing an additional 122 shares during the period. US Bancorp DE’s holdings in Agilysys were worth $133,000 as of its most recent SEC filing.

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 stake in shares of Agilysys by 162.1% in the 2nd 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 period. CWM LLC increased its stake in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Agilysys in the second quarter valued at $32,000. NBC Securities Inc. acquired a new position in shares of Agilysys in the 3rd quarter valued at $46,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity at Agilysys

In other Agilysys news, CFO William David Wood III sold 588 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the transaction, the chief financial officer now directly owns 49,479 shares in the company, valued at $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Melvin L. Keating sold 3,280 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $122.84, for a total transaction of $402,915.20. Following the sale, the director now directly owns 34,407 shares in the company, valued at approximately $4,226,555.88. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,023 shares of company stock valued at $4,548,979 over the last quarter. 19.30% of the stock is owned by insiders.

Agilysys Trading Up 0.3 %

AGYS opened at $121.19 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 34.45 and a beta of 0.85. The business has a fifty day moving average price of $109.68 and a 200 day moving average price of $103.93. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $128.61.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AGYS shares. Northland Securities reaffirmed an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Craig Hallum raised their price target on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer increased their target price on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, BTIG Research lifted their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.80.

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.