Arrowstreet Capital Limited Partnership trimmed its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 29.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,909 shares of the software maker's stock after selling 5,431 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Agilysys were worth $1,700,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after buying an additional 193 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys during the 4th quarter worth approximately $61,000. Assetmark Inc. bought a new stake in shares of Agilysys during the fourth quarter valued at approximately $115,000. Finally, KBC Group NV raised its stake in shares of Agilysys by 71.3% in the fourth quarter. KBC Group NV now owns 1,127 shares of the software maker's stock valued at $148,000 after purchasing an additional 469 shares in the last quarter. Institutional investors own 88.00% of the company's stock.
Insider Buying and Selling
In other news, Director John Mutch sold 2,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares in the company, valued at $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $128.17, for a total value of $961,275.00. Following the completion of the transaction, the director now owns 255,576 shares in the company, valued at approximately $32,757,175.92. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,250 shares of company stock worth $2,839,788 in the last 90 days. Corporate insiders own 19.30% of the company's stock.
Agilysys Price Performance
Agilysys stock traded up $0.20 during trading hours on Wednesday, hitting $68.65. 21,364 shares of the stock were exchanged, compared to its average volume of 258,232. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The business's 50-day moving average is $76.61 and its two-hundred day moving average is $104.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market capitalization of $1.92 billion, a P/E ratio of 85.81 and a beta of 0.64.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. Equities research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AGYS has been the topic of a number of recent research reports. Northland Securities lifted their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Oppenheimer lowered their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Craig Hallum dropped their price target on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC decreased their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.
Read Our Latest Analysis on Agilysys
Agilysys Company Profile
(
Free Report)
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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