Albert D Mason Inc. Acquires 267 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Albert D Mason Inc. lifted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,798 shares of the software maker’s stock after acquiring an additional 267 shares during the quarter. Albert D Mason Inc.’s holdings in Agilysys were worth $1,554,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D bought a new stake in Agilysys in the second quarter worth $2,004,000. American Century Companies Inc. increased its holdings in shares of Agilysys by 1,861.4% in the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after buying an additional 209,836 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Agilysys in the 2nd quarter valued at about $758,000. Envestnet Asset Management Inc. boosted its holdings in Agilysys by 19.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,024 shares of the software maker’s stock valued at $9,688,000 after acquiring an additional 15,164 shares during the period. Finally, Argent Trust Co bought a new position in Agilysys during the 2nd quarter worth approximately $222,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Activity

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00. Following the completion of the transaction, the director now owns 270,576 shares of the company’s stock, valued at $35,981,196.48. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William David Wood III sold 588 shares of Agilysys 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 transaction, the chief financial officer now owns 49,479 shares of the company’s stock, valued at $4,990,451.94. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,122 shares of company stock worth $7,099,841. Corporate insiders own 19.30% of the company’s stock.

Agilysys Stock Down 8.4 %

Shares of NASDAQ AGYS opened at $121.81 on Friday. The firm has a fifty day simple moving average of $131.82 and a two-hundred day simple moving average of $116.44. Agilysys, Inc. has a 12 month low of $74.03 and a 12 month high of $142.64. 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 firm has a market capitalization of $3.40 billion, a PE ratio of 34.70 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

AGYS has been the subject of several recent research reports. BTIG Research boosted their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Northland Securities raised their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Oppenheimer increased their target price on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $146.00.

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.