Agilysys, Inc. (NASDAQ:AGYS) Stock Position Decreased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership cut its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 34.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 529,227 shares of the software maker's stock after selling 283,854 shares during the period. Artisan Partners Limited Partnership owned 1.89% of Agilysys worth $69,704,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AGYS. FMR LLC lifted its position in Agilysys by 1,197.1% during the third quarter. FMR LLC now owns 505,690 shares of the software maker's stock worth $55,105,000 after buying an additional 466,704 shares during the period. Lord Abbett & CO. LLC grew its holdings in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker's stock valued at $115,383,000 after purchasing an additional 340,424 shares during the period. Principal Financial Group Inc. grew its holdings in Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock valued at $56,169,000 after purchasing an additional 310,573 shares during the period. Raymond James Financial Inc. acquired a new position in Agilysys during the fourth quarter worth approximately $19,637,000. Finally, Great Lakes Advisors LLC purchased a new position in Agilysys during the fourth quarter worth approximately $11,249,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Insider Activity at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the sale, the director now owns 330,576 shares of the company's stock, valued at approximately $43,156,696.80. The trade was a 2.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mutch sold 2,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $77.87, for a total transaction of $155,740.00. Following the transaction, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,250 shares of company stock valued at $8,708,238. Insiders own 19.30% of the company's stock.

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Agilysys Stock Down 0.9 %

NASDAQ AGYS traded down $0.67 on Monday, reaching $72.44. The company had a trading volume of 80,939 shares, compared to its average volume of 251,962. The firm has a market capitalization of $2.03 billion, a PE ratio of 90.40 and a beta of 0.98. The firm has a 50-day moving average of $83.78 and a 200-day moving average of $108.21. Agilysys, Inc. has a 1 year low of $70.47 and a 1 year 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 issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts' consensus estimates 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 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. On average, equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AGYS shares. Oppenheimer dropped their price objective on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd. Craig Hallum cut their price objective on 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 target price on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Northland Securities increased their target price on shares of 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 price target on shares of Agilysys in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $127.50.

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.