Agilysys, Inc. (NASDAQ:AGYS) Position Raised by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. boosted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 32.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,698 shares of the software maker’s stock after purchasing an additional 7,034 shares during the period. EFG Asset Management North America Corp. owned approximately 0.10% of Agilysys worth $3,778,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 last quarter. Arcadia Investment Management Corp MI bought a new stake in Agilysys in the 4th quarter valued at $61,000. Finally, Assetmark Inc. bought a new stake in shares of Agilysys in the fourth quarter valued at about $115,000. 88.00% of the stock is owned by institutional investors.

Agilysys Stock Performance

NASDAQ:AGYS opened at $77.46 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.17 billion, a PE ratio of 96.83 and a beta of 0.98. Agilysys, Inc. has a twelve month low of $71.37 and a twelve month high of $142.64. The stock’s 50-day simple moving average is $88.08 and its 200 day simple moving average is $108.93.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AGYS. Oppenheimer decreased their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Craig Hallum decreased their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC dropped their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. UBS Group set a $100.00 price target on Agilysys in a research note on Wednesday, March 5th. Finally, Northland Securities raised their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.50.

Insider Buying and Selling

In other news, Director John Mutch sold 750 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the sale, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares in the company, valued at $41,132,175.84. The trade was a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,250 shares of company stock valued at $8,708,238 over the last quarter. Insiders own 19.30% of the company’s stock.

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.