Fmr LLC Boosts Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

FMR LLC boosted its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 1,197.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 505,690 shares of the software maker's stock after acquiring an additional 466,704 shares during the period. FMR LLC owned 1.81% of Agilysys worth $55,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC increased its holdings in Agilysys by 1.9% in the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker's stock valued at $97,689,000 after purchasing an additional 17,898 shares during the last quarter. Geneva Capital Management LLC increased its stake in shares of Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker's stock valued at $73,597,000 after acquiring an additional 2,687 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Agilysys by 5.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 502,422 shares of the software maker's stock valued at $54,749,000 after acquiring an additional 25,254 shares during the period. Conestoga Capital Advisors LLC boosted its stake in Agilysys by 79.4% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker's stock worth $31,064,000 after acquiring an additional 126,193 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Agilysys by 1,861.4% during the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker's stock valued at $23,026,000 after purchasing an additional 209,836 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 264 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares of the company's stock, valued at $2,281,856.64. The trade was a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kyle C. Badger sold 471 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the transaction, the senior vice president now directly owns 115,117 shares in the company, valued at approximately $11,610,700.62. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,122 shares of company stock valued at $2,251,691. Corporate insiders own 19.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AGYS. BTIG Research boosted their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Northland Securities reissued an "outperform" rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price objective on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Oppenheimer increased their target price on Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $137.80.

Agilysys Stock Up 1.3 %

Shares of AGYS traded up $1.72 during mid-day trading on Friday, hitting $133.66. 168,730 shares of the company's stock were exchanged, compared to its average volume of 204,033. The company has a market cap of $3.74 billion, a PE ratio of 38.08 and a beta of 0.93. The company has a 50-day simple moving average of $118.40 and a 200 day simple moving average of $108.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $139.99.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, research analysts forecast that Agilysys, Inc. will post 0.81 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.