Fmr LLC Purchases 294,831 Shares of Agilysys, Inc. (NASDAQ:AGYS)

FMR LLC boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 58.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 800,521 shares of the software maker's stock after acquiring an additional 294,831 shares during the quarter. FMR LLC owned 2.86% of Agilysys worth $105,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after acquiring an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Agilysys in the fourth quarter valued at about $61,000. Assetmark Inc. purchased a new position in Agilysys during the 4th quarter valued at about $115,000. Finally, Huntington National Bank raised its holdings in shares of Agilysys by 319.1% during the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after acquiring an additional 702 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 2,000 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $125.49, for a total value of $941,175.00. Following the completion of the transaction, the director now owns 248,076 shares of the company's stock, valued at approximately $31,131,057.24. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,750 shares of company stock valued at $1,878,513. 19.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on AGYS shares. Needham & Company LLC lowered 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. Craig Hallum lowered their price target 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. Oppenheimer cut their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Northland Securities lifted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.

Agilysys Price Performance

Shares of Agilysys stock traded up $0.81 on Friday, hitting $69.45. 139,188 shares of the company traded hands, compared to its average volume of 259,316. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The business has a 50-day simple moving average of $75.93 and a 200 day simple moving average of $104.24. 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 stock has a market capitalization of $1.94 billion, a P/E ratio of 86.81 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to analysts' expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. Research analysts expect 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.