1,768 Shares in Agilysys, Inc. (NASDAQ:AGYS) Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new position in Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,768 shares of the software maker’s stock, valued at approximately $233,000.

Several other hedge funds also recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. grew its position in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of Agilysys by 109.0% during 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 during the period. Smartleaf Asset Management LLC boosted its position in shares of Agilysys by 381.8% during 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 during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Agilysys during the fourth quarter worth $61,000. Finally, Assetmark Inc. purchased a new position in shares of Agilysys during the fourth quarter worth $115,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Stock Up 4.1 %

Shares of NASDAQ AGYS opened at $74.35 on Monday. The stock has a market cap of $2.08 billion, a P/E ratio of 92.94 and a beta of 0.98. 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, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. The business’s fifty day simple moving average is $94.71 and its 200-day simple moving average is $110.38.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73.15 million. During the same period last year, the firm earned $0.35 earnings per share. Agilysys’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 2,000 shares of Agilysys 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 sale, the director now owns 32,654 shares in the company, valued at approximately $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the sale, the director now owns 315,576 shares in the company, valued at $41,132,175.84. This trade represents a 2.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,500 shares of company stock worth $8,651,740 over the last ninety days. Corporate insiders own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Needham & Company LLC lowered their price target on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Oppenheimer lowered their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. Finally, UBS Group set a $100.00 price target on Agilysys in a research report on Wednesday, March 5th. 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 company currently has an average rating of “Moderate Buy” and an average price target of $127.50.

Agilysys 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.