EFG Asset Management North America Corp. Buys 7,034 Shares of Agilysys, Inc. (NASDAQ:AGYS)

EFG Asset Management North America Corp. grew its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AGYS. Synergy Asset Management LLC grew its position in Agilysys by 19.1% during the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock worth $11,157,000 after acquiring an additional 13,785 shares during the last quarter. State Street Corp boosted its stake in Agilysys by 5.0% in the third 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock worth $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 valued at $57,000 after buying an additional 336 shares in the last quarter. Finally, Atria Investments Inc bought a new position in shares of Agilysys in the fourth quarter valued at about $315,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total value of $997,350.00. Following the completion of the sale, the director now owns 270,576 shares of the company's stock, valued at approximately $35,981,196.48. This represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Mutch sold 750 shares of the business's stock in a transaction 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 transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,250 shares of company stock valued at $8,708,238. Corporate insiders own 19.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Oppenheimer decreased their price objective on Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 target price on Agilysys in a research report on Wednesday, March 5th. Needham & Company LLC decreased their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, Craig Hallum dropped their price objective on Agilysys from $125.00 to $120.00 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $127.50.

Agilysys Trading Down 3.3 %

Shares of NASDAQ:AGYS traded down $2.51 during mid-day trading on Friday, reaching $73.11. The stock had a trading volume of 184,228 shares, compared to its average volume of 252,628. The firm has a 50 day simple moving average of $83.78 and a two-hundred day simple moving average of $108.16. Agilysys, Inc. has a twelve month low of $71.37 and a twelve month high of $142.64. The firm has a market cap of $2.04 billion, a PE ratio of 91.39 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 (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. Agilysys's revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. On average, research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

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.