Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 320.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,192 shares of the software maker’s stock after buying an additional 3,195 shares during the quarter. SG Americas Securities LLC’s holdings in Agilysys were worth $552,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AGYS. Harbor Investment Advisory LLC boosted its stake in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares during the last quarter. Albert D Mason Inc. raised its holdings in shares of Agilysys by 2.3% during the 4th quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock worth $1,554,000 after acquiring an additional 267 shares during the period. Principal Financial Group Inc. boosted its position in shares of Agilysys by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock valued at $12,630,000 after acquiring an additional 2,949 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares during the period. Finally, Franklin Resources Inc. increased its position in Agilysys by 434.3% during the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock worth $11,477,000 after purchasing an additional 79,764 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Agilysys news, Director John Mutch sold 500 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $104.24, for a total value of $52,120.00. Following the sale, the director now owns 35,858 shares of the company’s stock, valued at $3,737,837.92. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris J. Robertson sold 729 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value of $97,693.29. Following the transaction, the insider now directly owns 21,895 shares of the company’s stock, valued at approximately $2,934,148.95. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,299 shares of company stock valued at $9,593,953. 19.30% of the stock is currently owned by company insiders.

Agilysys Trading Down 1.7 %

AGYS opened at $90.22 on Friday. Agilysys, Inc. has a 52 week low of $74.03 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 $127.54 and a 200-day simple moving average of $116.18. The firm has a market cap of $2.52 billion, a P/E ratio of 112.78 and a beta of 0.94.

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.

Analysts Set New Price Targets

Several equities analysts have weighed in on AGYS shares. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC decreased their price objective on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Craig Hallum decreased their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, BTIG Research raised their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.00.

About Agilysys

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.