Intech Investment Management LLC Grows Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Intech Investment Management LLC grew its stake in Agilysys, Inc. (NASDAQ:AGYS) by 129.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,992 shares of the software maker’s stock after acquiring an additional 8,453 shares during the period. Intech Investment Management LLC owned about 0.05% of Agilysys worth $1,634,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. US Bancorp DE grew its holdings in shares of Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. RiverPark Advisors LLC grew its holdings in shares of Agilysys by 9.6% in the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after purchasing an additional 170 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, CWM LLC grew its holdings in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Northland Securities reiterated an “outperform” rating and set a $145.00 price target (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research boosted their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC boosted their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Oppenheimer boosted their price target on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.80.

Agilysys Trading Up 0.2 %

Shares of Agilysys stock opened at $137.80 on Tuesday. The company has a fifty day simple moving average of $113.41 and a 200-day simple moving average of $106.57. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $139.99. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 39.26 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Insider Activity at Agilysys

In related news, CFO William David Wood III sold 588 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the sale, the chief financial officer now owns 49,479 shares in the company, valued at $4,990,451.94. This represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris J. Robertson sold 264 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,023 shares of company stock worth $4,548,979 in the last 90 days. 19.30% of the stock is owned by 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.