2 weeks Ago By Defense World Staff
LPL Financial LLC boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS – Free Report) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 11,519 shares of the software maker’s stock after acquiring an additional 2,066 shares during the period. LPL Financial LLC’s holdings in Agilysys were worth $1,517,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently made changes to their positions in AGYS.
Fox Run Management L.L.C.
bought a new position in Agilysys in the 4th quarter worth approximately $338,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Agilysys in the fourth quarter worth $738,000. American Century Companies Inc.
increased its position in Agilysys by 4.6% during the fourth quarter. American Century Companies Inc.
now owns 451,812 shares of the software maker’s stock worth $59,508,000 after acquiring an additional 19,994 shares during the period. Xponance Inc. acquired a new position in Agilysys during the 4th quarter valued at $224,000.
Finally, Intech Investment Management LLC boosted its holdings in Agilysys by 4.6% in the 4th quarter. Intech Investment Management LLC now owns 15,680 shares of the software maker’s stock valued at $2,065,000 after purchasing an additional 688 shares during the period.
88.00% of the stock is owned by institutional investors and hedge funds. Insider Buying and SellingIn other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 23rd.
The shares were sold at an average price of $96.68, for a total transaction of $725,100.00.
Following the sale, the director now owns 233,076 shares of the company’s stock, valued at $22,533,787.68. This represents a 3.
12 % 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 John Mutch sold 2,000 shares of the business’s stock in a transaction dated Friday, March 7th.
The stock was sold at an average price of $77.87, for a total transaction of $155,740.00.
Following the completion of the transaction, the director now directly owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This represents a 5.
77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,750 shares of company stock worth $1,878,513 in the last three months.
Insiders own 19.30% of the company’s stock. Agilysys Stock PerformanceAgilysys stock opened at $69.
45 on Friday. Agilysys, Inc. has a 52-week low of $63.
71 and a 52-week 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.
The stock has a fifty day moving average price of $75.93 and a two-hundred day moving average price of $104.24.
The firm has a market capitalization of $1.94 billion, a P/E ratio of 86.81 and a beta of 0.
64. Agilysys (NASDAQ:AGYS – Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.
38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04.
The firm had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million.
Agilysys had a net margin of 8.45% and a return on equity of 9.38%.
The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.
35 EPS. As a group, analysts anticipate that Agilysys, Inc. will post 0.
8 EPS for the current fiscal year. Wall Street Analyst Weigh InAGYS has been the subject of a number of research analyst reports. Oppenheimer cut their price objective on shares of Agilysys from $135.
00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC cut their price target on Agilysys from $125.
00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Northland Securities lifted their price objective on Agilysys from $145.
00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. UBS Group set a $100.
00 target price on Agilysys in a research note on Wednesday, March 5th. Finally, Craig Hallum reduced their target price on Agilysys from $125.00 to $120.
00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.Get Our Latest Stock Analysis on AgilysysAgilysys Profile (Free Report)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.
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