Nine Ten Capital Management LLC Sells 91,321 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Nine Ten Capital Management LLC cut its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 36.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 158,139 shares of the software maker's stock after selling 91,321 shares during the quarter. Agilysys comprises 5.9% of Nine Ten Capital Management LLC's holdings, making the stock its 7th biggest position. Nine Ten Capital Management LLC owned approximately 0.57% of Agilysys worth $20,828,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AGYS. Invesco Ltd. raised its holdings in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock valued at $95,858,000 after purchasing an additional 585,886 shares during the last quarter. Franklin Resources Inc. increased its stake in Agilysys by 521.7% in the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock valued at $80,347,000 after buying an additional 511,900 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Agilysys by 729.1% during the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock worth $52,487,000 after buying an additional 350,441 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Agilysys by 47.4% during the 3rd 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Agilysys by 268.0% during the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock worth $56,169,000 after buying an additional 310,573 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John Mutch sold 750 shares of the firm's 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 transaction, the director now directly owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 19.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group set a $100.00 price target on Agilysys in a research report on Wednesday, March 5th. Craig Hallum lowered their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC decreased 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. Northland Securities upped their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Oppenheimer cut their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One equities research 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 presently has an average rating of "Moderate Buy" and an average target price of $120.00.

Agilysys Stock Performance

AGYS traded up $3.02 on Thursday, reaching $73.38. The company had a trading volume of 76,453 shares, compared to its average volume of 260,129. The stock has a market cap of $2.05 billion, a P/E ratio of 91.46 and a beta of 0.64. 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 fifty-two week low of $63.71 and a fifty-two week high of $142.64. The company's fifty day moving average is $74.68 and its 200 day moving average is $103.22.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its 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. 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 the consensus estimate of $73.15 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. As a group, analysts predict that Agilysys, Inc. will post 0.8 earnings per share 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.