Corient Private Wealth LLC Sells 5,457 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Corient Private Wealth LLC decreased its stake in Agilysys, Inc. (NASDAQ:AGYS) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,817 shares of the software maker’s stock after selling 5,457 shares during the period. Corient Private Wealth LLC’s holdings in Agilysys were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in Agilysys by 1,197.1% in the third 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 period. Lord Abbett & CO. LLC boosted its holdings in Agilysys by 47.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after buying an additional 340,424 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock worth $56,169,000 after buying an additional 310,573 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Agilysys during the fourth quarter worth about $19,637,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of Agilysys during the 4th quarter worth $11,249,000. Institutional investors own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AGYS shares. Oppenheimer reduced their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities boosted their price target on 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 research report on Wednesday, January 22nd. Needham & Company LLC dropped their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Agilysys Price Performance

Shares of AGYS stock opened at $72.54 on Tuesday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 90.68 and a beta of 0.98. The stock has a 50 day moving average price of $82.79 and a 200 day moving average price of $108.00. Agilysys, Inc. has a 52-week low of $70.40 and a 52-week high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Agilysys (NASDAQ:AGYS) last posted its 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 company had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. Agilysys’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In related news, Director John Mutch sold 2,000 shares of the business’s 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 completion of the sale, the director now owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. The trade was a 5.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,250 shares of company stock worth $8,708,238. 19.30% of the stock is owned by insiders.

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.