Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 59.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,738 shares of the software maker's stock after buying an additional 53,026 shares during the period. Eagle Asset Management Inc. owned 0.51% of Agilysys worth $16,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AGYS. Russell Investments Group Ltd. boosted its holdings in Agilysys by 23.4% in the 1st quarter. Russell Investments Group Ltd. now owns 16,803 shares of the software maker's stock valued at $1,416,000 after purchasing an additional 3,183 shares during the last quarter. ProShare Advisors LLC increased its stake in Agilysys by 8.2% during the first quarter. ProShare Advisors LLC now owns 4,077 shares of the software maker's stock worth $344,000 after acquiring an additional 309 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Agilysys by 31.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,531 shares of the software maker's stock valued at $621,000 after purchasing an additional 1,800 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker's stock worth $166,530,000 after purchasing an additional 217,008 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Agilysys during the 1st quarter worth about $388,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the sale, the insider now owns 22,888 shares in the company, valued at $2,490,901.04. This represents a 14.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares of the company's stock, valued at approximately $85,441,345.59. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,023 shares of company stock valued at $4,548,979. 19.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AGYS has been the topic of a number of recent analyst reports. StockNews.com cut shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. BTIG Research increased their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Oppenheimer boosted their target price on Agilysys from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Needham & Company LLC raised their price target on Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Northland Securities reiterated an "outperform" rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $134.80.

Agilysys Stock Up 4.2 %

Shares of Agilysys stock traded up $5.50 during trading hours on Friday, reaching $137.48. 210,206 shares of the company were exchanged, compared to its average volume of 256,603. 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 $3.84 billion, a PE ratio of 39.17 and a beta of 0.85. The stock's fifty day moving average is $112.71 and its 200 day moving average is $105.81. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $138.19.

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 (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analysts' expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current year.

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.