Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,006 shares of the software maker's stock after acquiring an additional 16,935 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.71% of Agilysys worth $21,686,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in shares of Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker's stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Agilysys in the second quarter valued at $32,000. Advisors Asset Management Inc. boosted its stake in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Agilysys during the 3rd quarter worth about $46,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BTIG Research raised their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Northland Securities restated an "outperform" rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Needham & Company LLC lifted their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Oppenheimer lifted their price objective on Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.80.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the transaction, the chief executive officer now directly owns 738,367 shares in the company, valued at approximately $75,335,585.01. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William David Wood III sold 588 shares of Agilysys stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the completion of the transaction, the chief financial officer now directly owns 49,479 shares of the company's stock, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,122 shares of company stock valued at $2,251,691 in the last quarter. Company insiders own 19.30% of the company's stock.

Agilysys Trading Up 1.3 %

NASDAQ AGYS traded up $1.72 during mid-day trading on Friday, hitting $133.66. The company's stock had a trading volume of 168,730 shares, compared to its average volume of 215,736. The stock's fifty day simple moving average is $117.88 and its two-hundred day simple moving average is $108.71. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm has a market capitalization of $3.74 billion, a P/E ratio of 37.59 and a beta of 0.93.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $68.30 million during the quarter, compared to analysts' expectations of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

About Agilysys

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.