Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 381.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 424 shares of the software maker’s stock after acquiring an additional 336 shares during the period. Smartleaf Asset Management LLC’s holdings in Agilysys were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Oppenheimer Asset Management Inc. grew its stake in Agilysys by 18.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,973 shares of the software maker’s stock worth $1,182,000 after purchasing an additional 1,384 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Agilysys by 2.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker’s stock valued at $1,580,000 after buying an additional 328 shares during the period. Navellier & Associates Inc. grew its position in shares of Agilysys by 64.7% during the fourth quarter. Navellier & Associates Inc. now owns 5,410 shares of the software maker’s stock worth $713,000 after buying an additional 2,126 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Agilysys during the fourth quarter worth approximately $61,000. Finally, Truist Financial Corp raised its holdings in Agilysys by 2.6% in the fourth quarter. Truist Financial Corp now owns 14,038 shares of the software maker’s stock valued at $1,849,000 after acquiring an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

NASDAQ AGYS opened at $73.96 on Tuesday. The company has a fifty day moving average of $99.33 and a two-hundred day moving average of $111.42. The company has a market capitalization of $2.07 billion, a PE ratio of 92.45 and a beta of 0.98. Agilysys, Inc. has a 1 year low of $72.98 and a 1 year high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Agilysys (NASDAQ:AGYS) last announced 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 analysts’ expectations of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Transactions at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the completion of the sale, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now owns 32,654 shares in the company, valued at $2,542,766.98. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,500 shares of company stock worth $8,651,740. Insiders own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AGYS shares. UBS Group set a $100.00 price target on shares of Agilysys in a report on Wednesday, March 5th. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Craig Hallum dropped their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Oppenheimer decreased their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Finally, Needham & Company LLC dropped their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.