State Street Corp Grows Position in Agilysys, Inc. (NASDAQ:AGYS)

State Street Corp increased its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 918,823 shares of the software maker's stock after acquiring an additional 43,760 shares during the quarter. State Street Corp owned about 3.29% of Agilysys worth $100,124,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock valued at $26,000 after acquiring an additional 199 shares during the period. Larson Financial Group LLC bought a new position in shares of Agilysys in the 2nd quarter worth $32,000. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC lifted its position in Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock valued at $45,000 after acquiring an additional 166 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Agilysys in the third quarter valued at approximately $46,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Price Performance

AGYS stock traded up $6.29 during midday trading on Monday, reaching $139.22. The company had a trading volume of 336,781 shares, compared to its average volume of 216,006. The firm has a 50-day moving average price of $120.96 and a 200-day moving average price of $110.08. The company has a market capitalization of $3.89 billion, a P/E ratio of 37.87 and a beta of 0.93. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $139.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million for the quarter, compared to analysts' expectations of $67.54 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The firm's revenue was up 16.6% on a year-over-year basis. On average, research analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, CFO William David Wood III sold 588 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the sale, the chief financial officer now owns 49,479 shares in the company, valued at approximately $4,990,451.94. This trade represents a 1.17 % 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 500 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now directly owns 34,654 shares in the company, valued at $4,777,400.44. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,122 shares of company stock valued at $1,231,391. Insiders own 19.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AGYS shares. Oppenheimer lifted their price objective on shares of Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. BTIG Research raised their target price on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Northland Securities restated an "outperform" rating and set a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Finally, Needham & Company LLC boosted their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One investment 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 an average rating of "Moderate Buy" and an average target price of $137.80.

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.