Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Synergy Asset Management LLC

Synergy Asset Management LLC boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 19.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,080 shares of the software maker's stock after acquiring an additional 13,785 shares during the period. Agilysys comprises 0.9% of Synergy Asset Management LLC's investment portfolio, making the stock its 28th biggest holding. Synergy Asset Management LLC owned about 0.31% of Agilysys worth $11,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in shares of Agilysys by 117.4% in the 3rd 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 166 shares in the last quarter. NBC Securities Inc. purchased a new stake in Agilysys in the 3rd quarter valued at $46,000. Harbor Investment Advisory LLC raised its position in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after purchasing an additional 193 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock valued at $52,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AGYS shares. Oppenheimer reduced their price target on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. 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 research report on Tuesday, January 7th. Craig Hallum reduced their price target on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC cut their price objective on shares of Agilysys from $145.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Agilysys presently has an average rating of "Moderate Buy" and an average price target of $138.00.

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 sale, the chief financial officer now directly owns 47,609 shares of the company's stock, valued at approximately $6,380,082.09. This represents a 3.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Mutch sold 500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $104.24, for a total transaction of $52,120.00. Following the completion of the sale, the director now directly owns 35,858 shares in the company, valued at approximately $3,737,837.92. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,299 shares of company stock worth $9,593,953 in the last 90 days. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Stock Performance

Agilysys stock traded down $5.05 during trading hours on Monday, reaching $85.17. 465,411 shares of the stock were exchanged, compared to its average volume of 413,467. The stock has a market cap of $2.38 billion, a P/E ratio of 106.46 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64. The firm's 50 day moving average is $126.60 and its 200 day moving average is $116.17.

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 analysts' consensus estimates of $0.34 by $0.04. The business 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 business's revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. Analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal 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.