UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,413 shares of the software maker's stock after selling 5,717 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Agilysys worth $4,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its holdings in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Agilysys during the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. lifted its holdings 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 worth $37,000 after acquiring an additional 182 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock valued at $45,000 after purchasing an additional 166 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Agilysys in the 3rd quarter worth $46,000. Institutional investors own 88.00% of the company's stock.

Agilysys Trading Up 2.4 %

Shares of NASDAQ:AGYS traded up $3.17 on Thursday, hitting $136.00. The company had a trading volume of 217,882 shares, compared to its average volume of 215,382. The firm's 50-day simple moving average is $120.43 and its two-hundred day simple moving average is $109.72. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 38.75 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $139.99.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million for the quarter, compared to analysts' expectations of $67.54 million. During the same period in the previous year, the firm posted $0.25 EPS. The business's revenue was up 16.6% on a year-over-year basis. Equities analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In other Agilysys news, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $122.84, for a total value of $402,915.20. Following the completion of the transaction, the director now directly owns 34,407 shares of the company's stock, valued at approximately $4,226,555.88. The trade was a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William David Wood III sold 1,870 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total transaction of $250,598.70. Following the sale, the chief financial officer now owns 47,609 shares in the company, valued at approximately $6,380,082.09. The trade was a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,122 shares of company stock valued at $1,231,391 in the last three months. 19.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AGYS shares. Northland Securities reaffirmed an "outperform" rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Oppenheimer increased their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Needham & Company LLC boosted their price objective on shares of Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, BTIG Research increased their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Agilysys has a consensus rating of "Moderate Buy" and a consensus price target of $137.80.

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.