JPMorgan Chase & Co. Purchases 350,441 Shares of Agilysys, Inc. (NASDAQ:AGYS)

JPMorgan Chase & Co. raised its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 729.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 398,508 shares of the software maker's stock after buying an additional 350,441 shares during the quarter. JPMorgan Chase & Co. owned about 1.43% of Agilysys worth $52,487,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock worth $149,000 after purchasing an additional 180 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Agilysys by 109.0% during 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. Natixis Advisors LLC increased its holdings in Agilysys by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock worth $1,398,000 after buying an additional 208 shares during the last quarter. Albert D Mason Inc. increased its holdings in shares of Agilysys by 2.3% in the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock valued at $1,554,000 after purchasing an additional 267 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Agilysys by 2.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker's stock valued at $1,580,000 after purchasing an additional 328 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AGYS shares. 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 note on Tuesday, January 7th. Needham & Company LLC cut their price objective on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Oppenheimer cut their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday. UBS Group set a $100.00 target price on shares of Agilysys in a report on Wednesday, March 5th. Finally, Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Agilysys currently has an average rating of "Moderate Buy" and a consensus price target of $120.00.

Insider Transactions at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of Agilysys stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares of the company's stock, valued at $2,403,328.32. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the transaction, the director now directly owns 233,076 shares of the company's stock, valued at $22,533,787.68. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,750 shares of company stock worth $5,761,263 in the last ninety days. Company insiders own 19.30% of the company's stock.

Agilysys Trading Down 2.8 %

NASDAQ:AGYS traded down $2.07 on Thursday, reaching $70.84. 31,185 shares of the stock traded hands, compared to its average volume of 359,502. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 88.55 and a beta of 0.64. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $78.02 and its 200-day moving average is $105.85.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $69.60 million for the quarter, compared to analysts' expectations of $73.15 million. During the same period last year, the business earned $0.35 EPS. Agilysys's quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

About Agilysys

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.