Envestnet Asset Management Inc. Raises Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Envestnet Asset Management Inc. lifted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,986 shares of the software maker's stock after buying an additional 5,962 shares during the quarter. Envestnet Asset Management Inc. owned about 0.38% of Agilysys worth $13,959,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AGYS. Wells Fargo & Company MN boosted its holdings in Agilysys by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 47,976 shares of the software maker's stock valued at $6,319,000 after purchasing an additional 9,031 shares during the period. DF Dent & Co. Inc. raised its position in shares of Agilysys by 110.1% in the fourth quarter. DF Dent & Co. Inc. now owns 112,754 shares of the software maker's stock valued at $14,851,000 after buying an additional 59,082 shares in the last quarter. Huntington National Bank boosted its stake in shares of Agilysys by 319.1% in the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after buying an additional 702 shares during the period. Franklin Resources Inc. grew its position in Agilysys by 521.7% during the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock worth $80,347,000 after buying an additional 511,900 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Agilysys during the 4th quarter worth $207,000. Institutional investors own 88.00% of the company's stock.

Agilysys Trading Up 2.0 %

Shares of AGYS stock traded up $1.34 during mid-day trading on Tuesday, reaching $69.11. 149,453 shares of the stock traded hands, compared to its average volume of 259,685. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 86.39 and a beta of 0.64. 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's fifty day simple moving average is $75.02 and its two-hundred day simple moving average is $103.45. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. During the same period last year, the company earned $0.35 EPS. Agilysys's revenue for the quarter was up 14.9% compared to the same quarter last year. On average, research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. Oppenheimer reduced their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Needham & Company LLC dropped their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.00.

Insider Transactions at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the transaction, the director now directly owns 233,076 shares of the company's stock, valued at approximately $22,533,787.68. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Mutch sold 2,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares of the company's stock, valued at $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,250 shares of company stock worth $937,338 over the last ninety days. 19.30% of the stock is owned by insiders.

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.