SG Americas Securities LLC Purchases 3,195 Shares of Agilysys, Inc. (NASDAQ:AGYS)

SG Americas Securities LLC boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 320.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,192 shares of the software maker's stock after acquiring an additional 3,195 shares during the quarter. SG Americas Securities LLC's holdings in Agilysys were worth $552,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. lifted its stake 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 acquiring an additional 182 shares during the period. GAMMA Investing LLC raised its holdings in Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after purchasing an additional 166 shares during the last quarter. NBC Securities Inc. acquired a new position in Agilysys during the 3rd quarter valued at about $46,000. Harbor Investment Advisory LLC boosted its stake in shares of 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 grew its position in shares of Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock worth $52,000 after buying an additional 205 shares during the period. Institutional investors own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Northland Securities raised their price objective 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. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Needham & Company LLC dropped their price objective on Agilysys from $145.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Oppenheimer reduced their target price on Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com cut Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.00.

Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the transaction, the director now directly owns 233,076 shares of the company's stock, valued at $22,533,787.68. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a 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 Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now owns 34,654 shares of the company's stock, valued at approximately $4,777,400.44. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,799 shares of company stock worth $9,541,833 over the last quarter. 19.30% of the stock is currently owned by company insiders.

Agilysys Trading Up 2.5 %

AGYS stock traded up $2.11 during midday trading on Tuesday, hitting $87.28. 1,028,344 shares of the company's stock were exchanged, compared to its average volume of 441,434. Agilysys, Inc. has a one year low of $74.03 and a one year high of $142.64. The stock's fifty day moving average price is $125.55 and its 200-day moving average price is $116.00. The company has a market cap of $2.44 billion, a PE ratio of 109.10 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 (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million for the quarter, compared to analysts' expectations of $73.15 million. During the same quarter in the previous year, the business posted $0.35 EPS. Agilysys's revenue for the quarter was up 14.9% on a year-over-year basis. Research analysts predict that Agilysys, Inc. will post 0.8 earnings per share 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.