Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 105.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,572 shares of the software maker's stock after acquiring an additional 25,926 shares during the period. Barclays PLC owned 0.18% of Agilysys worth $5,512,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. CWM LLC lifted its stake in Agilysys by 390.2% in 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 purchased a new position in Agilysys during the 2nd quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its stake in 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 raised its holdings in shares of Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after acquiring an additional 166 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Agilysys during the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AGYS shares. Oppenheimer upped their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Needham & Company LLC increased their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a report on Friday, November 15th. Northland Securities reissued 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. BTIG Research raised their price objective on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Finally, StockNews.com cut Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $137.80.

Insiders Place Their Bets

In other Agilysys news, insider Chris J. Robertson sold 264 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the sale, the insider now owns 22,624 shares of the company's stock, valued at $2,281,856.64. This trade represents a 1.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction on Monday, November 11th. The stock was sold at an average price of $122.84, for a total transaction of $402,915.20. Following the sale, the director now directly owns 34,407 shares of the company's stock, valued at approximately $4,226,555.88. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,122 shares of company stock worth $1,231,391. Corporate insiders own 19.30% of the company's stock.

Agilysys Trading Up 2.8 %

Agilysys stock traded up $3.81 during trading hours on Friday, hitting $138.67. The company had a trading volume of 405,201 shares, compared to its average volume of 218,056. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market cap of $3.88 billion, a P/E ratio of 39.51 and a beta of 0.93. The company has a 50-day moving average price of $123.56 and a two-hundred day moving average price of $111.33. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Agilysys Company 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.