Emerald Advisers LLC Sells 5,448 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Emerald Advisers LLC cut its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,007 shares of the software maker's stock after selling 5,448 shares during the quarter. Agilysys makes up 1.2% of Emerald Advisers LLC's holdings, making the stock its 28th biggest holding. Emerald Advisers LLC owned approximately 0.84% of Agilysys worth $30,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGYS. Vanguard Group Inc. lifted its stake in shares of Agilysys by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker's stock valued at $290,983,000 after acquiring an additional 58,926 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker's stock valued at $115,383,000 after purchasing an additional 340,424 shares in the last quarter. State Street Corp increased its stake 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 valued at $100,124,000 after buying an additional 43,760 shares during the period. Geode Capital Management LLC raised its holdings in Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock valued at $57,614,000 after buying an additional 30,655 shares during the last quarter. Finally, FMR LLC grew its holdings in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker's stock worth $55,105,000 after acquiring an additional 466,704 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

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Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00. Following the transaction, the director now owns 270,576 shares of the company's stock, valued at $35,981,196.48. This represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the sale, 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 70,250 shares of company stock valued at $8,708,238 in the last three months. Company insiders own 19.30% of the company's stock.

Wall Street Analyst Weigh In

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

Agilysys Stock Performance

Shares of Agilysys stock traded down $1.18 during mid-day trading on Thursday, hitting $75.62. 139,725 shares of the stock were exchanged, compared to its average volume of 247,283. The company has a market capitalization of $2.11 billion, a P/E ratio of 94.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The company has a 50-day simple moving average of $84.75 and a 200 day simple moving average of $108.30. Agilysys, Inc. has a 12 month low of $71.37 and a 12 month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. Sell-side analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal 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.