Assetmark Inc. Takes $115,000 Position in Agilysys, Inc. (NASDAQ:AGYS)

Assetmark Inc. bought a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 870 shares of the software maker’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds have also made changes to their positions in AGYS. FMR LLC raised its stake in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after acquiring an additional 466,704 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after acquiring an additional 340,424 shares during the last quarter. Principal Financial Group Inc. raised its stake in Agilysys by 268.0% during the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock valued at $56,169,000 after acquiring an additional 310,573 shares during the last quarter. Franklin Resources Inc. raised its stake in Agilysys by 434.3% during the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after acquiring an additional 79,764 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in Agilysys by 25.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 356,239 shares of the software maker’s stock valued at $46,920,000 after acquiring an additional 71,168 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Needham & Company LLC reduced their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. UBS Group set a $100.00 target price on Agilysys in a research report on Wednesday, March 5th. Craig Hallum dropped their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities boosted their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Oppenheimer dropped 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

Agilysys Stock Performance

AGYS opened at $74.35 on Friday. The stock has a market cap of $2.08 billion, a P/E ratio of 92.94 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $94.71 and its 200 day simple moving average is $110.38. Agilysys, Inc. has a 1-year low of $71.37 and a 1-year high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million for 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 company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction 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 sale, the director now owns 315,576 shares in the company, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mutch sold 2,000 shares of the stock in a transaction 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 sale, the director now owns 32,654 shares in the company, valued at approximately $2,542,766.98. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,500 shares of company stock worth $8,651,740 in the last quarter. Company insiders own 19.30% of the company’s stock.

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.