Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Jump Financial LLC

Jump Financial LLC increased its stake in Agilysys, Inc. (NASDAQ:AGYS) by 17.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,404 shares of the software maker’s stock after buying an additional 1,699 shares during the period. Jump Financial LLC’s holdings in Agilysys were worth $1,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Synergy Asset Management LLC increased its stake in Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock worth $11,157,000 after purchasing an additional 13,785 shares in the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 30,655 shares in the last quarter. Smartleaf Asset Management LLC increased 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 acquiring an additional 336 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Agilysys during the fourth quarter valued at approximately $315,000. Finally, Shaker Investments LLC OH purchased a new stake in shares of Agilysys in the 4th quarter valued at approximately $1,084,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Price Performance

Shares of Agilysys stock opened at $69.45 on Friday. The firm has a fifty day moving average price of $75.64 and a two-hundred day moving average price of $103.97. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $1.94 billion, a PE ratio of 86.81 and a beta of 0.64.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AGYS shares. Needham & Company LLC cut their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Craig Hallum reduced their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Oppenheimer dropped their target price on Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Northland Securities lifted their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. One research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 750 shares of Agilysys stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the transaction, the director now directly owns 233,076 shares of the company’s stock, valued at $22,533,787.68. This trade represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,750 shares of company stock valued at $1,878,513. 19.30% of the stock is owned by corporate insiders.

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.