Oppenheimer Asset Management Inc. Has $827,000 Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Oppenheimer Asset Management Inc. boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,589 shares of the software maker’s stock after purchasing an additional 312 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Agilysys were worth $827,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after buying an additional 217,008 shares during the period. Fred Alger Management LLC increased its holdings in Agilysys by 1.9% in the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after buying an additional 17,898 shares during the period. Geneva Capital Management LLC increased its holdings in Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after buying an additional 2,687 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Agilysys by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock valued at $33,970,000 after buying an additional 20,703 shares during the period. Finally, Conestoga Capital Advisors LLC increased its holdings in Agilysys by 79.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker’s stock valued at $31,064,000 after buying an additional 126,193 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on AGYS. Oppenheimer boosted their price target on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Northland Securities reissued an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Needham & Company LLC increased their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Craig Hallum increased their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.80.

Agilysys Trading Up 0.8 %

Shares of Agilysys stock opened at $122.19 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.42 billion, a P/E ratio of 34.53 and a beta of 0.85. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $128.61. The company has a 50-day simple moving average of $110.04 and a 200 day simple moving average of $104.50.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data 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. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. Research analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other news, CFO William David Wood III sold 588 shares of the firm’s stock in a transaction dated 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 owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the transaction, the chief executive officer now directly owns 778,367 shares in the company, valued at $85,441,345.59. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,023 shares of company stock worth $4,548,979. 19.30% of the stock is currently owned by corporate insiders.

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.