American Century Companies Inc. Acquires 19,994 Shares of Agilysys, Inc. (NASDAQ:AGYS)

American Century Companies Inc. boosted its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 451,812 shares of the software maker's stock after buying an additional 19,994 shares during the period. American Century Companies Inc. owned approximately 1.62% of Agilysys worth $59,508,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AGYS. Xponance Inc. purchased a new stake in shares of Agilysys in the fourth quarter worth about $224,000. Intech Investment Management LLC lifted its stake in shares of Agilysys by 4.6% in the fourth quarter. Intech Investment Management LLC now owns 15,680 shares of the software maker's stock worth $2,065,000 after acquiring an additional 688 shares in the last quarter. Cibc World Markets Corp purchased a new position in Agilysys in the fourth quarter valued at about $278,000. Gallacher Capital Management LLC purchased a new stake in Agilysys during the 4th quarter worth approximately $233,000. Finally, Natixis Advisors LLC raised its position in shares of Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Insider Activity

In related news, Director John Mutch sold 750 shares of Agilysys stock in a transaction on 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 sale, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the sale, the director now directly owns 315,576 shares of the company's stock, valued at $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,250 shares of company stock worth $8,708,238 over the last quarter. Corporate insiders own 19.30% of the company's stock.

Wall Street Analyst Weigh In

AGYS has been the subject of several research analyst reports. UBS Group set a $100.00 target price on shares of Agilysys in a research report on Wednesday, March 5th. Northland Securities increased their target price on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Oppenheimer dropped their price target on Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 22nd. Craig Hallum lowered their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, 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 note 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.com, the stock has an average rating of "Moderate Buy" and an average price target of $127.50.

Agilysys Price Performance

Shares of Agilysys stock traded down $2.51 during trading on Friday, hitting $73.11. The stock had a trading volume of 184,228 shares, compared to its average volume of 252,628. The business has a fifty day moving average of $83.78 and a two-hundred day moving average of $108.16. The firm has a market cap of $2.04 billion, a P/E ratio of 91.39 and a beta of 0.98. Agilysys, Inc. has a fifty-two week low of $71.37 and a fifty-two week high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. 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 earnings per share. On average, sell-side analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

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.