8,230 Shares in Agilysys, Inc. (NASDAQ:AGYS) Acquired by Shaker Investments LLC OH

Shaker Investments LLC OH bought a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,230 shares of the software maker’s stock, valued at approximately $1,084,000.

Other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC boosted its stake in shares of Agilysys by 19.1% during the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after purchasing an additional 13,785 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Agilysys by 59.1% during the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after acquiring an additional 53,026 shares during the last quarter. State Street Corp lifted its holdings in shares of Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after purchasing an additional 43,760 shares during the period. Geode Capital Management LLC grew its stake in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Finally, CWM LLC raised its position in Agilysys by 169.2% during the 3rd quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $73,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity

In other Agilysys news, insider Chris J. Robertson sold 729 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $97,693.29. Following the completion of the transaction, the insider now directly owns 21,895 shares of the company’s stock, valued at approximately $2,934,148.95. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mutch sold 500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the sale, the director now directly owns 34,654 shares of the company’s stock, valued at $4,777,400.44. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,599 shares of company stock worth $8,913,222 over the last quarter. Insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer lowered their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. BTIG Research upped their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Craig Hallum lowered their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $85.56 on Tuesday. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The company has a market cap of $2.39 billion, a P/E ratio of 106.95 and a beta of 0.93. The company has a fifty day simple moving average of $121.72 and a 200 day simple moving average of $115.41. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last released its quarterly 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 business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Sell-side analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

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.