Axiom Investors LLC DE Has $11.50 Million Position in Agilysys, Inc. (NASDAQ:AGYS)

Axiom Investors LLC DE decreased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,286 shares of the software maker's stock after selling 6,453 shares during the period. Axiom Investors LLC DE owned approximately 0.31% of Agilysys worth $11,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGYS. Synergy Asset Management LLC lifted its position in Agilysys by 19.1% in the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock worth $11,157,000 after purchasing an additional 13,785 shares during the period. State Street Corp lifted its position in shares of Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker's stock worth $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC lifted its position in Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock worth $57,614,000 after buying an additional 30,655 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after buying an additional 336 shares during the period. Finally, Atria Investments Inc purchased a new stake in shares of Agilysys during the fourth quarter worth $315,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Price Performance

NASDAQ AGYS traded down $1.57 on Friday, reaching $69.83. The company's stock had a trading volume of 92,324 shares, compared to its average volume of 251,912. Agilysys, Inc. has a 52 week low of $65.69 and a 52 week high of $142.64. The firm has a market cap of $1.95 billion, a PE ratio of 87.38 and a beta of 0.98. The business has a 50-day moving average price of $80.71 and a 200 day moving average price of $107.31. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 period in the prior year, the company posted $0.35 earnings per share. Sell-side analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on AGYS shares. Oppenheimer decreased their target price on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Needham & Company LLC dropped their price target on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. UBS Group set a $100.00 price objective on shares of Agilysys in a report on Wednesday, March 5th. Finally, Craig Hallum dropped 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.50.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $132.04, for a total value of $990,300.00. Following the completion of the transaction, the director now directly owns 300,576 shares of the company's stock, valued at approximately $39,688,055.04. This trade represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares of the company's stock, valued at approximately $2,542,766.98. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,750 shares of company stock valued at $7,729,113 over the last quarter. Corporate insiders own 19.30% of the company's stock.

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.