Amundi Grows Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Amundi increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 126.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,799 shares of the software maker's stock after acquiring an additional 7,147 shares during the quarter. Amundi's holdings in Agilysys were worth $1,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position 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 purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after buying an additional 193 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after buying an additional 336 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Agilysys during the fourth quarter valued at $61,000. Finally, Assetmark Inc. acquired a new position in shares of Agilysys in the 4th quarter valued at $115,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the completion of the sale, the director now owns 315,576 shares of the company's stock, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mutch sold 750 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the sale, the director now owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is owned by insiders.

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Analysts Set New Price Targets

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

Agilysys Price Performance

Shares of NASDAQ AGYS traded down $1.36 during trading on Friday, hitting $73.73. The company had a trading volume of 383,630 shares, compared to its average volume of 246,286. Agilysys, Inc. has a fifty-two week low of $71.37 and a fifty-two week high of $142.64. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $90.17 and a two-hundred day simple moving average of $109.38. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 92.16 and a beta of 0.98.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million during 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 quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. On average, research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current 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.