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

Intech Investment Management LLC lifted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,680 shares of the software maker’s stock after purchasing an additional 688 shares during the quarter. Intech Investment Management LLC owned 0.06% of Agilysys worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Advisors Asset Management Inc. grew its holdings in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after buying an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Agilysys during the fourth quarter valued at approximately $61,000. Finally, Assetmark Inc. purchased a new stake in Agilysys during the fourth quarter valued at approximately $115,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling at Agilysys

In related news, Director John Mutch sold 750 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the transaction, the director now owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This represents a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,250 shares of company stock valued at $8,708,238 over the last quarter. 19.30% of the stock is owned by company insiders.

Agilysys Stock Down 1.9 %

Shares of NASDAQ AGYS opened at $75.09 on Friday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 93.86 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a 52-week low of $71.37 and a 52-week high of $142.64. The business’s 50 day moving average is $90.17 and its two-hundred day moving average is $109.38.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million for 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%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. Research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AGYS. Craig Hallum dropped their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the company 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. Needham & Company LLC reduced their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Oppenheimer reduced their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.50.

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.