Shaker Investments LLC OH Makes New $1.08 Million Investment in Agilysys, Inc. (NASDAQ:AGYS)

Shaker Investments LLC OH bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,230 shares of the software maker's stock, valued at approximately $1,084,000.

A number of other large investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC boosted its position in Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock valued at $11,157,000 after buying an additional 13,785 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Agilysys by 59.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker's stock valued at $16,959,000 after purchasing an additional 53,026 shares in the last quarter. State Street Corp increased its holdings in Agilysys by 5.0% during the 3rd 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 last quarter. Geode Capital Management LLC raised its position in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock valued at $57,614,000 after purchasing an additional 30,655 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Agilysys by 169.2% during the 3rd quarter. CWM LLC now owns 673 shares of the software maker's stock valued at $73,000 after buying an additional 423 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Performance

Shares of NASDAQ AGYS traded up $1.82 during mid-day trading on Friday, hitting $86.80. The company had a trading volume of 233,488 shares, compared to its average volume of 400,059. Agilysys, Inc. has a 12 month low of $74.03 and a 12 month high of $142.64. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 108.51 and a beta of 0.93. 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 firm's 50 day simple moving average is $117.85 and its two-hundred day simple moving average is $114.63.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Activity

In related news, CFO William David Wood III sold 1,870 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $250,598.70. Following the completion of the transaction, the chief financial officer now owns 47,609 shares in the company, valued at $6,380,082.09. This represents a 3.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the sale, the director now owns 330,576 shares in the company, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,599 shares of company stock valued at $8,913,222. Insiders own 19.30% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Northland Securities upped their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Oppenheimer reduced their price target 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. StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Craig Hallum reduced 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. Finally, Needham & Company LLC lowered their price target on Agilysys from $145.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

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.