Agilysys, Inc. (NASDAQ:AGYS) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 52.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,136 shares of the software maker's stock after buying an additional 26,564 shares during the period. Barclays PLC owned approximately 0.28% of Agilysys worth $10,160,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Agilysys by 412.9% during the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock worth $95,858,000 after purchasing an additional 585,886 shares during the period. Franklin Resources Inc. raised its holdings in Agilysys by 521.7% during the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock worth $80,347,000 after buying an additional 511,900 shares during the period. JPMorgan Chase & Co. lifted its stake in Agilysys by 729.1% during the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock valued at $52,487,000 after buying an additional 350,441 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker's stock worth $115,383,000 after buying an additional 340,424 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock worth $56,169,000 after acquiring an additional 310,573 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $69.11 on Wednesday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The business's 50-day moving average price is $75.02 and its two-hundred day moving average price is $103.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market capitalization of $1.93 billion, a P/E ratio of 86.39 and a beta of 0.64.

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

Insiders Place Their Bets

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction that occurred on 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 approximately $22,533,787.68. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mutch sold 750 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 10,250 shares of company stock valued at $937,338 over the last ninety days. Corporate insiders own 19.30% of the company's stock.

Analysts Set New Price Targets

AGYS has been the subject of several research analyst reports. Oppenheimer reduced their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC decreased their target price on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Craig Hallum dropped 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 raised their price objective on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research 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 given a buy rating to the company's stock. According to MarketBeat, Agilysys currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

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.

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