Charles Schwab Investment Management Inc. Has $26.96 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Charles Schwab Investment Management Inc. increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 204,665 shares of the software maker's stock after buying an additional 5,659 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.73% of Agilysys worth $26,956,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGYS. Oppenheimer Asset Management Inc. grew its stake in shares of Agilysys by 4.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker's stock worth $827,000 after acquiring an additional 312 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Agilysys by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 188,536 shares of the software maker's stock valued at $20,545,000 after purchasing an additional 3,148 shares in the last quarter. Jennison Associates LLC bought a new position in Agilysys in the third quarter valued at $689,000. 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 valued at $37,000 after buying an additional 182 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Agilysys by 129.3% during the 3rd quarter. Intech Investment Management LLC now owns 14,992 shares of the software maker's stock worth $1,634,000 after buying an additional 8,453 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Remove Ads

Insider Activity at Agilysys

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

Analysts Set New Price Targets

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

Agilysys Stock Performance

Shares of AGYS stock traded down $1.33 during trading on Friday, reaching $73.76. 211,956 shares of the company's stock were exchanged, compared to its average volume of 246,285. Agilysys, Inc. has a twelve month low of $71.37 and a twelve month high of $142.64. The firm's fifty day moving average price is $90.17 and its 200-day moving average price is $109.38. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.06 billion, a PE ratio of 92.20 and a beta of 0.98.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 EPS 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.