Johnson Financial Group Inc. Takes Position in Agilysys, Inc. $AGYS

Johnson Financial Group Inc. bought a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 817 shares of the software maker’s stock, valued at approximately $94,000.

Other hedge funds have also bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new position in Agilysys during the second quarter worth approximately $30,000. RiverPark Advisors LLC acquired a new stake in shares of Agilysys in the second quarter valued at approximately $113,000. Russell Investments Group Ltd. boosted its stake in shares of Agilysys by 136.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 53,088 shares of the software maker’s stock worth $6,086,000 after acquiring an additional 30,673 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Agilysys by 14.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock worth $90,000 after acquiring an additional 97 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Agilysys by 291.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,062 shares of the software maker’s stock valued at $122,000 after acquiring an additional 791 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Agilysys

In other news, Director Donald A. Colvin sold 6,000 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $123.28, for a total transaction of $739,680.00. Following the completion of the transaction, the director owned 24,592 shares of the company’s stock, valued at approximately $3,031,701.76. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William David Wood III sold 6,000 shares of Agilysys stock in a transaction on Monday, October 27th. The stock was sold at an average price of $115.55, for a total transaction of $693,300.00. Following the transaction, the chief financial officer owned 41,288 shares in the company, valued at approximately $4,770,828.40. This trade represents a 12.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,080 shares of company stock valued at $1,936,237. 8.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Oppenheimer reissued an “outperform” rating on shares of Agilysys in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Needham & Company LLC raised their target price on shares of Agilysys from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, UBS Group set a $155.00 price target on Agilysys in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $138.67.

Agilysys Trading Down 1.8%

Shares of Agilysys stock opened at $123.42 on Friday. The firm’s 50 day moving average is $117.14 and its 200 day moving average is $111.95. The firm has a market capitalization of $3.46 billion, a PE ratio of 143.51 and a beta of 0.66. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. The firm had revenue of $36.34 million for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. As a group, research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Agilysys Company 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.